Spirit of NKS
04-29-2014, 07:05 AM
#7291
ULTP-Ultra Low Tier Pilot
Joined APC: Dec 2007
Posts: 3,228
Listening to the webcast now. Sounds very positive going forward.
Hiring to continue, growth increasing passing 2015.
Four more aircraft this year, 11 next year. (Ben says "at least 11 next year")
On hand cash to drive growth (a lot of cash!).
Low-cost marketing to continue (we won't sponsor sports teams, tv commercials, putting Spirit's names on arenas, etc.)
Virgin moving to Love Field won't affect Spirit at all.
Spirit to possibly take on debt to purchase aircraft vs. lease.
Infrastructure sufficient for growth, scalable to a growing airline.
Load factor around 87%, flying 13 hours a day!
No Venezuela flying any time soon (would be a big market out of FLL).
"140-ish airplanes, 30-40 of them A321s in 2021" - Ben Baldanza.
Hiring to continue, growth increasing passing 2015.
Four more aircraft this year, 11 next year. (Ben says "at least 11 next year")
On hand cash to drive growth (a lot of cash!).
Low-cost marketing to continue (we won't sponsor sports teams, tv commercials, putting Spirit's names on arenas, etc.)
Virgin moving to Love Field won't affect Spirit at all.
Spirit to possibly take on debt to purchase aircraft vs. lease.
Infrastructure sufficient for growth, scalable to a growing airline.
Load factor around 87%, flying 13 hours a day!
No Venezuela flying any time soon (would be a big market out of FLL).
"140-ish airplanes, 30-40 of them A321s in 2021" - Ben Baldanza.
04-29-2014, 07:09 AM
#7292
Gets Weekends Off
Joined APC: Mar 2011
Position: Underemployed!
Posts: 116
Also, the Q1 earnings report mentions at least 1 A/C delivery accelerated into the 2015 delivery schedule from 2016, and 2 deferred from 2017 into 2018.
04-29-2014, 07:19 AM
#7293
Gets Weekends Off
Joined APC: Dec 2009
Position: Airplane
Posts: 2,385
I think Lobeaux confused total deliveries with the number of debt based financing they are planning going forward. According to the call, 4 A/C this year, and 11 next year will be purchased vs. leased. Of course I could be wrong, but that's what I understood it to be.
Also, the Q1 earnings report mentions at least 1 A/C delivery accelerated into the 2015 delivery schedule from 2016, and 2 deferred from 2017 into 2018.
Also, the Q1 earnings report mentions at least 1 A/C delivery accelerated into the 2015 delivery schedule from 2016, and 2 deferred from 2017 into 2018.
Nothing on Miami that I heard from the call, admittedly I got up to grab a Gogurt though. Only rumors about Miami.
04-29-2014, 08:46 AM
#7294
Gets Weekends Off
Joined APC: Jan 2013
Posts: 669
What the hell is a gogurt???
04-29-2014, 09:03 AM
#7295
Banned
Joined APC: Jan 2008
Position: A-320
Posts: 784
A Gogurt is a delightful, handheld, squeezable yogurt treat that is delicious for children and adults alike.
04-29-2014, 09:30 AM
#7297
Gets Weekends Off
Joined APC: Jan 2013
Posts: 669
Sounds interesting, I'll check it out!!! Do they make it in bacon flavor???
04-29-2014, 11:19 AM
#7298
Gets Weekends Off
Joined APC: Oct 2006
Posts: 471
Is this financing a negotiating tactic to say "we can't pay pilots any more and we need you to give back so we can pay off these new birds"?
or
Are we getting a better rate financing than we are leasing? Thus increasing next years net earnings.
or
Are we getting a better rate financing than we are leasing? Thus increasing next years net earnings.
05-03-2014, 04:17 PM
#7300
Banned
Thread Starter
Joined APC: Oct 2008
Posts: 1,857
Voluntary LOAs for June, and even overstaffed we are gonna see red days.
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