Spirit Airlines Ch.11
#41
Gets Weekends Off
Joined APC: Feb 2014
Position: CA
Posts: 327
If Spirit is unable to secure a refinance deal what would the airline look like if the doors don't close?
Could they sell off planes to pay off the debt payment next year and let the airline bleed down to a smaller size. Maybe 150 planes and 2000-2200 pilots? Or would Chapter 11 or worse be next?
Could they sell off planes to pay off the debt payment next year and let the airline bleed down to a smaller size. Maybe 150 planes and 2000-2200 pilots? Or would Chapter 11 or worse be next?
#42
Gets Weekends Off
Joined APC: Jul 2023
Posts: 337
Spirit needs to slap a Supreme sticker on the sides of all their planes, problems solved. Up scale flying instantly.
#45
Gets Weekends Off
Joined APC: Nov 2020
Posts: 1,891
#46
Gets Weekends Off
Joined APC: Nov 2020
Posts: 1,891
#47
Gets Weekends Off
Joined APC: Sep 2014
Posts: 503
lol, same with me. I could have ended up at DELTA a longgggggg time ago or UAL if I stayed at XJT. Oh well, can't play that game. It does make me wonder though because thats what all the old time guys used ot say "Just stick it out". What really concerns me is our complete lack of fragmentation language. Someone on a chat kinda summed up our situaton perfectly, we basically have two choices, "The certainty of misery, or the misery of uncertainty". Legacy airlines are incredible places to work but for the senior guys/gals here it will initially be a massive QOL and Pay hit. The completele lack of information here has been brutal. The only real info we have had is that we are raising bag weight limits, getting rid of cancel/change fees and we "aren't considering Chapter 11 Bankruptcy "AT THS TIME". We also are furloughing a few hundred of our brothers and sisters, not to mention downgrades and MASSIVE displacements. ALL at a time when other airlines are making record profits.
Same here but during our time, the race was trying to escape the regionals. Alot of people got lucky. Like many of us with the same scenario, make peace and move on.
#48
Line Holder
Joined APC: Oct 2008
Posts: 67
How did Spirit come to be encumbered by such a large amount of debt leading to such uncertainty? Did management make some terrible moves that have led to this ( planes, new training center, lack of F.O.'s to keep all the planes in the air in 2022, etc.). Or is it they haven't been making money since Covid and the industry is leaving the ULCC model behind and the NEO engine issue is choking them.
#49
Seniority inversion. Not the first time, and won't be the last.
#50
Gets Weekends Off
Joined APC: Dec 2022
Posts: 858
How did Spirit come to be encumbered by such a large amount of debt leading to such uncertainty? Did management make some terrible moves that have led to this ( planes, new training center, lack of F.O.'s to keep all the planes in the air in 2022, etc.). Or is it they haven't been making money since Covid and the industry is leaving the ULCC model behind and the NEO engine issue is choking them.
Thread
Thread Starter
Forum
Replies
Last Post