Spirit of NKS
09-17-2010, 02:38 PM
#1862
Gets Weekends Off
Joined APC: Jun 2010
Posts: 1,577
They aren't going to go public! Why do you want to give something up for something that isn't going to happen?
Where is that pair of clown shoes?
Where is that pair of clown shoes?
09-17-2010, 02:57 PM
#1863
Gets Weekends Off
Joined APC: Jun 2010
Posts: 1,577
They would be back already if you brainiacs didn't give away the store, along with the 90 hr lines, unlimited flexibility on reserve, zero float, and oh yeah, company stock.
09-17-2010, 02:59 PM
#1864
Gets Weekends Off
Joined APC: Mar 2009
Posts: 532
I can't even come up with a coherent reply. I just need to sit on my toilet and weep. Unbelievable.
09-17-2010, 03:42 PM
#1865
Banned
Thread Starter
Joined APC: Oct 2008
Posts: 1,857
Spirit IPO
great news, for some!!!
Public IPO
By JOHN KELL
Spirit Airlines Inc. filed plans to hold an initial public offering of up to $300 million, with the Florida-based airline retaining about half of the net proceeds.
Spirit, which provides travel to and from South Florida, the Caribbean and Latin America, offers low-priced basic service combined with a range of optional additional fees, targeting price-sensitive travelers.
Although many carriers suffered from volatility in fuel costs and the severe economic recession, Spirit maintained relatively stable unit revenue while reducing costs, allowing it to remain profitable in the past three full years.
However, for the six months ended June 30, Spirit swung to a loss , as operating expenses jumped on an increase in fuel and wage costs. Total revenue grew 2% to $357.4 million.
According to the company's regulatory filing, it expects to retain $150 million from the offering. The remaining proceeds will be used to pay a $1.6 million termination fee with Indigo Partners LLC, which acquired a majority stake in Spirit in 2006. Other proceeds will be used to repay outstanding notes.
Spirit is the largest carrier at Fort Lauderdale/Hollywood International Airport, as measured by passengers. It also has a significant presence in Atlantic City, N.J., Detroit and Myrtle Beach, S.C.
More than 100 companies have filed plans with the Securities and Exchange Commission to hold IPOs and are currently working to complete the process. But a number of companies have faced challenges as they go public, with many downsizing or delaying their plans.
Write to John Kell at [email protected]
MORE IN BUSINESS
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Public IPO
By JOHN KELL
Spirit Airlines Inc. filed plans to hold an initial public offering of up to $300 million, with the Florida-based airline retaining about half of the net proceeds.
Spirit, which provides travel to and from South Florida, the Caribbean and Latin America, offers low-priced basic service combined with a range of optional additional fees, targeting price-sensitive travelers.
Although many carriers suffered from volatility in fuel costs and the severe economic recession, Spirit maintained relatively stable unit revenue while reducing costs, allowing it to remain profitable in the past three full years.
However, for the six months ended June 30, Spirit swung to a loss , as operating expenses jumped on an increase in fuel and wage costs. Total revenue grew 2% to $357.4 million.
According to the company's regulatory filing, it expects to retain $150 million from the offering. The remaining proceeds will be used to pay a $1.6 million termination fee with Indigo Partners LLC, which acquired a majority stake in Spirit in 2006. Other proceeds will be used to repay outstanding notes.
Spirit is the largest carrier at Fort Lauderdale/Hollywood International Airport, as measured by passengers. It also has a significant presence in Atlantic City, N.J., Detroit and Myrtle Beach, S.C.
More than 100 companies have filed plans with the Securities and Exchange Commission to hold IPOs and are currently working to complete the process. But a number of companies have faced challenges as they go public, with many downsizing or delaying their plans.
Write to John Kell at [email protected]
MORE IN BUSINESS
EmailPrinter FriendlyOrder Reprints
09-17-2010, 03:49 PM
#1866
Banned
Joined APC: Feb 2008
Position: A320 CA
Posts: 501
great news, for some!!!
Public IPO
By JOHN KELL
Spirit Airlines Inc. filed plans to hold an initial public offering of up to $300 million, with the Florida-based airline retaining about half of the net proceeds.
Spirit, which provides travel to and from South Florida, the Caribbean and Latin America, offers low-priced basic service combined with a range of optional additional fees, targeting price-sensitive travelers.
Although many carriers suffered from volatility in fuel costs and the severe economic recession, Spirit maintained relatively stable unit revenue while reducing costs, allowing it to remain profitable in the past three full years.
However, for the six months ended June 30, Spirit swung to a loss , as operating expenses jumped on an increase in fuel and wage costs. Total revenue grew 2% to $357.4 million.
According to the company's regulatory filing, it expects to retain $150 million from the offering. The remaining proceeds will be used to pay a $1.6 million termination fee with Indigo Partners LLC, which acquired a majority stake in Spirit in 2006. Other proceeds will be used to repay outstanding notes.
Spirit is the largest carrier at Fort Lauderdale/Hollywood International Airport, as measured by passengers. It also has a significant presence in Atlantic City, N.J., Detroit and Myrtle Beach, S.C.
More than 100 companies have filed plans with the Securities and Exchange Commission to hold IPOs and are currently working to complete the process. But a number of companies have faced challenges as they go public, with many downsizing or delaying their plans.
Write to John Kell at [email protected]
MORE IN BUSINESS
EmailPrinter FriendlyOrder Reprints
Public IPO
By JOHN KELL
Spirit Airlines Inc. filed plans to hold an initial public offering of up to $300 million, with the Florida-based airline retaining about half of the net proceeds.
Spirit, which provides travel to and from South Florida, the Caribbean and Latin America, offers low-priced basic service combined with a range of optional additional fees, targeting price-sensitive travelers.
Although many carriers suffered from volatility in fuel costs and the severe economic recession, Spirit maintained relatively stable unit revenue while reducing costs, allowing it to remain profitable in the past three full years.
However, for the six months ended June 30, Spirit swung to a loss , as operating expenses jumped on an increase in fuel and wage costs. Total revenue grew 2% to $357.4 million.
According to the company's regulatory filing, it expects to retain $150 million from the offering. The remaining proceeds will be used to pay a $1.6 million termination fee with Indigo Partners LLC, which acquired a majority stake in Spirit in 2006. Other proceeds will be used to repay outstanding notes.
Spirit is the largest carrier at Fort Lauderdale/Hollywood International Airport, as measured by passengers. It also has a significant presence in Atlantic City, N.J., Detroit and Myrtle Beach, S.C.
More than 100 companies have filed plans with the Securities and Exchange Commission to hold IPOs and are currently working to complete the process. But a number of companies have faced challenges as they go public, with many downsizing or delaying their plans.
Write to John Kell at [email protected]
MORE IN BUSINESS
EmailPrinter FriendlyOrder Reprints
Ahh... yeah...
Just got word that training at MIA has been suspended for the rest of the month. I cannot confirm, but that's what I was told by someone that was sent home....
Wonder why....
09-17-2010, 03:56 PM
#1867
Banned
Thread Starter
Joined APC: Oct 2008
Posts: 1,857
Lets feed the rumor MILL!!!!!
IPO, Stop training, Recall, Furlough, SELL, BUY, whatever, someone farts and in 2 hrs and 700 miles is a WMD!!
Just got to laugh!!!!
Cheers
(Hey 320Flyer, so they cxl PT/PC, i'm sure whoever told you that, knows why they sent him/her home! So NO SIM for the rest of SEP, Cause i got my sim coming up in a week.) This is an info question, no sarcasm.
IPO, Stop training, Recall, Furlough, SELL, BUY, whatever, someone farts and in 2 hrs and 700 miles is a WMD!!
Just got to laugh!!!!
Cheers
(Hey 320Flyer, so they cxl PT/PC, i'm sure whoever told you that, knows why they sent him/her home! So NO SIM for the rest of SEP, Cause i got my sim coming up in a week.) This is an info question, no sarcasm.
09-17-2010, 04:13 PM
#1868
Gets Weekends Off
Joined APC: Mar 2010
Position: In front of my computer
Posts: 230
Ahhhem! This was what i was referring to.....The phone rang sooner than later
09-17-2010, 04:28 PM
#1869
Line Holder
Joined APC: Jul 2010
Posts: 40
great news, for some!!!
Public IPO
By JOHN KELL
Spirit Airlines Inc. filed plans to hold an initial public offering of up to $300 million, with the Florida-based airline retaining about half of the net proceeds.
Spirit, which provides travel to and from South Florida, the Caribbean and Latin America, offers low-priced basic service combined with a range of optional additional fees, targeting price-sensitive travelers.
Although many carriers suffered from volatility in fuel costs and the severe economic recession, Spirit maintained relatively stable unit revenue while reducing costs, allowing it to remain profitable in the past three full years.
However, for the six months ended June 30, Spirit swung to a loss , as operating expenses jumped on an increase in fuel and wage costs. Total revenue grew 2% to $357.4 million.
According to the company's regulatory filing, it expects to retain $150 million from the offering. The remaining proceeds will be used to pay a $1.6 million termination fee with Indigo Partners LLC, which acquired a majority stake in Spirit in 2006. Other proceeds will be used to repay outstanding notes.
Spirit is the largest carrier at Fort Lauderdale/Hollywood International Airport, as measured by passengers. It also has a significant presence in Atlantic City, N.J., Detroit and Myrtle Beach, S.C.
More than 100 companies have filed plans with the Securities and Exchange Commission to hold IPOs and are currently working to complete the process. But a number of companies have faced challenges as they go public, with many downsizing or delaying their plans.
Write to John Kell at [email protected]
MORE IN BUSINESS
EmailPrinter FriendlyOrder Reprints
Public IPO
By JOHN KELL
Spirit Airlines Inc. filed plans to hold an initial public offering of up to $300 million, with the Florida-based airline retaining about half of the net proceeds.
Spirit, which provides travel to and from South Florida, the Caribbean and Latin America, offers low-priced basic service combined with a range of optional additional fees, targeting price-sensitive travelers.
Although many carriers suffered from volatility in fuel costs and the severe economic recession, Spirit maintained relatively stable unit revenue while reducing costs, allowing it to remain profitable in the past three full years.
However, for the six months ended June 30, Spirit swung to a loss , as operating expenses jumped on an increase in fuel and wage costs. Total revenue grew 2% to $357.4 million.
According to the company's regulatory filing, it expects to retain $150 million from the offering. The remaining proceeds will be used to pay a $1.6 million termination fee with Indigo Partners LLC, which acquired a majority stake in Spirit in 2006. Other proceeds will be used to repay outstanding notes.
Spirit is the largest carrier at Fort Lauderdale/Hollywood International Airport, as measured by passengers. It also has a significant presence in Atlantic City, N.J., Detroit and Myrtle Beach, S.C.
More than 100 companies have filed plans with the Securities and Exchange Commission to hold IPOs and are currently working to complete the process. But a number of companies have faced challenges as they go public, with many downsizing or delaying their plans.
Write to John Kell at [email protected]
MORE IN BUSINESS
EmailPrinter FriendlyOrder Reprints
You are delusional....
09-17-2010, 04:29 PM
#1870
Gets Weekends Off
Joined APC: Jun 2010
Posts: 1,577
There are a boat-load of 85+ block lines in fll for oct. There's a couple more jobs right there.
Worst part of this, is we did it to ourselves. We had all the leverage in the world, and we threw it away. We could have been a participant in this IPO, but we bought into the oldest trick in the book. "We'll shut it down".
We got what we deserve.
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