Spirit Airlines Declares Bankruptcy

[UKDslayer]

This is beyond me given how much they milked the government for illegal alien transportation, just like hotels! Maybe they're just trying to get a handout while this administration likes to give out as much money as possible in the name of "social equity".

JUST IN: Spirit Airlines Files for Bankruptcy 10 Days Before Thanksgiving | The Gateway Pundit | by Cristina Laila

Spirit Airlines filed for Chapter 11 Bankruptcy on Monday before Thanksgiving week.

www.thegatewaypundit.com

 

[Stevo86]

Saw that earlier today. Doesn’t surprise me. I’ve only flown on spirit once and it sucked. Tickets were cheap but they made up for it on baggage

 

[rjacobs]

They wont get any handouts... If they survive at all that is.

I dont think they flew to many illegals, but I have no clue. My company flew some, but it wasnt as overt as the companies that were doing it in the dead of night out of El Paso and the like. We arent allowed to carry anybody with an ankle monitor on so...

Honestly if Spirit went away it would boost the entire rest of the industry. Their employees wouldnt have to wait long for jobs.

I dont see how the lease holders of their airplanes would be willing to re-negotiate the leases. The airframe side of the industry is ultra tight right now since Airbus and Boeing cant seem to get their shit together and deliver airplanes. I bet there is a waiting list a few hundred long for those airframes and folks would pay top dollar for them. I would take my asset elsewhere instead of taking 70c on the dollar or whatever for a renegotiated lease in bankruptcy... If the industry as a whole was in a different place, that would be different and I would want anything I could get for my asset, but not right now.

 

[BytorJr]

Saw that earlier today. Doesn’t surprise me. I’ve only flown on spirit once and it sucked. Tickets were cheap but they made up for it on baggage

i've notice many "heritage" are starting to charge 80 bucks for checked in bags - basically bag checking folks subsidizing the asses that have 3-4 carry-ons. If it's weight (and it really is weight = fuel = $$), they should really enforce carry-on sizes. I've seen pepole with a backpack the size of "3 suiter" suitcase and their carry-on the size of a body bag. Weight's the key; so they should really get folks checking bags. I used to be very anti-baggage fee for carry-on; but now, I am 75/25...because it sucks I cannot even get a CPAP up in the overhead because Metro-Joe or Taylor-Swift-wannabe have to carry their entire wardrobe with them as carry-on.

 

[BJames]

It’s just chapter 11, airlines in the past have been in chapter 11 for years while “restructuring”. Just another game of hide the pea from the creditors. Chapter 7 is when it gets real.

 

[beetroot]

They wont get any handouts... If they survive at all that is.

I dont think they flew to many illegals, but I have no clue. My company flew some, but it wasnt as overt as the companies that were doing it in the dead of night out of El Paso and the like. We arent allowed to carry anybody with an ankle monitor on so...

Honestly if Spirit went away it would boost the entire rest of the industry. Their employees wouldnt have to wait long for jobs.

I dont see how the lease holders of their airplanes would be willing to re-negotiate the leases. The airframe side of the industry is ultra tight right now since Airbus and Boeing cant seem to get their shit together and deliver airplanes. I bet there is a waiting list a few hundred long for those airframes and folks would pay top dollar for them. I would take my asset elsewhere instead of taking 70c on the dollar or whatever for a renegotiated lease in bankruptcy... If the industry as a whole was in a different place, that would be different and I would want anything I could get for my asset, but not right now.

My airline has been leasing some POS 16 year old 777s that were pulled out of the desert amid the RR and PW engine issues and the delays of new aircraft.

They would be chomping at the bit to get some A321s (although maybe not with PW engines).

 

[_Windrider_]

It’s just chapter 11, airlines in the past have been in chapter 11 for years while “restructuring”. Just another game of hide the pea from the creditors. Chapter 7 is when it gets real.

Ch 11 can easily turn into 7. Ask us airways.

 

[nockhunter]

I work for jetblue and we got screwed out of buying them by the feds.

Mike

 

[Downtown]

I work for jetblue and we got screwed out of buying them by the feds.

Mike

This. The socialist FTC Commissioner has been a real drag on the economy with her radical idea of antitrust. This will change very soon thankfully.

Lina Khan - Wikipedia

en.m.wikipedia.org

 

[_Windrider_]

I work for jetblue and we got screwed out of buying them by the feds.

Mike

Thank god for small favors. JetBlue would be bankrupt too

 

[UKDslayer]

Ch 11 can easily turn into 7. Ask us airways.

And what was my favorite airline, Midwest Express. All seats business class size, filet mignon or lobster for dinner, and a warm cookie before landing. I wish they had just charged more.

 

[nockhunter]

Thank god for small favors. JetBlue would be bankrupt too

Probably not, we can use the airplanes, personal, pilots, mechanics and maintenance bases. The routes wouldn't hurt either.

Mike

 

[rjacobs]

My airline has been leasing some POS 16 year old 777s that were pulled out of the desert amid the RR and PW engine issues and the delays of new aircraft.

They would be chomping at the bit to get some A321s (although maybe not with PW engines).

wait 16 years old is old?

I think we parked some of our oldest 737-700's during Covid when the roofs started to peel up LOL, but I bet we still have some from the late 90's/very early 00's with like 87 million cycles on them... Packs blow smelly air, but I mean when they have a million farts in them.

 

[BytorJr]

Yet, the Barry's administration let Airtran get sucked up by Southwest. Loved Airtran, I got comp'd hotels, etc even for weather...and for that inconvenice I would get at least one way fair. Then, the "merger" and Southwest has been as high, if not higher, than "Legacy."

Looks like Delta is going into refurbish mode on the 757 and even 767. Frankly, I'm disgusted they are going through with the 737-10 MAX deal. GRRR.

 

[Stevo86]

Yet, the Barry's administration let Airtran get sucked up by Southwest. Loved Airtran, I got comp'd hotels, etc even for weather...and for that inconvenice I would get at least one way fair. Then, the "merger" and Southwest has been as high, if not higher, than "Legacy."

Looks like Delta is going into refurbish mode on the 757 and even 767. Frankly, I'm disgusted they are going through with the 737-10 MAX deal. GRRR.

What’s the lifespan on an airframe? I always liked flying on the 757/767 for some reason.

 

[BytorJr]

What’s the lifespan on an airframe? I always liked flying on the 757/767 for some reason.

Mainly it's in cycles. But I have no idea what that number is. I just know when Delta retired some of the DC-9-30's they still had "cycles left." The "Figure-8" fuselage helped with that (my understanding). I'm sure our real aircraft mechanics can answer that question a LOT better than myself.

I haven't flown a 757 in at least 10 years. And I fly almost exclusively Delta - though as of late, anything cheap gets the win so long as it's not a 5am flight.

 

[rjacobs]

What’s the lifespan on an airframe? I always liked flying on the 757/767 for some reason.

ALMOST infinite... however maintenance costs get crazy as things get older.

When you are flying it as a cargo aircraft or for shuttling illegals around... I'm not saying some of the heavier mx doesnt get done, but most is farmed out to 3rd world shit holes. That doesnt fly in the USA when flying passengers around, to much liability. So there is a curve on age vs. cost of mx vs. cost of a new airplane.

Then you see about every 20-25 years there is a leap in engine technology leading to far lower fuel burn so the cost starts to push towards a new aircraft as well. You went from turbo jet to turbo fan to high bypass turbo fan to stuff like the GE90 on the 777(was crazy revolutionary when released) now you have stuff like the LEAP engines on the MAX that are 15% more efficient then the engines on the 737 NG series and the geared turbo fans on the Airbus and a few other aircraft are even more efficient than the LEAP, if they can keep them from coming apart LOL.

THEN you have ever changing passenger requirements and if your shit is old and busted they wont fly you anymore when the other airline has new and shiny and wifi and in seat power and movies and etc....

 

[BytorJr]

ALMOST infinite... however maintenance costs get crazy as things get older.

When you are flying it as a cargo aircraft or for shuttling illegals around... I'm not saying some of the heavier mx doesnt get done, but most is farmed out to 3rd world shit holes. That doesnt fly in the USA when flying passengers around, to much liability. So there is a curve on age vs. cost of mx vs. cost of a new airplane.

Then you see about every 20-25 years there is a leap in engine technology leading to far lower fuel burn so the cost starts to push towards a new aircraft as well. You went from turbo jet to turbo fan to high bypass turbo fan to stuff like the GE90 on the 777(was crazy revolutionary when released) now you have stuff like the LEAP engines on the MAX that are 15% more efficient then the engines on the 737 NG series and the geared turbo fans on the Airbus and a few other aircraft are even more efficient than the LEAP, if they can keep them from coming apart LOL.

THEN you have ever changing passenger requirements and if your shit is old and busted they wont fly you anymore when the other airline has new and shiny and wifi and in seat power and movies and etc....

Haha....I say that when I get in an American plane...some of their Airbus are super dated interior wise. And yes, that is somewhat a factor for me.

Then again, there is obviously a curve where a retrofit/update on planes that are old, but paid for can offset the huge cost of new planes. Delta was on a buying spree in the 2010-2018 era (IIRC), but I'm sure that's really come at a cost. I would NOT want to be CEO of an airline. That is one of the hardest jobs there is IMO. Figuring out when/what to buy, load factors, fuel costs, fickle public and our own government.

I think the "worst" old planes are the dang CRJ's though and Embraer T-tails. Hard to believe the ERJ-170s are actually being retired - seems like they just came out.

 

[KYAggie]

I work for jetblue and we got screwed out of buying them by the feds.

Mike

Yeah, and the reason was something like the merger would hurt competition in certain markets. My thought was, what’s bankruptcy going to do to competition? Especially if it goes to chapter 7. I guess we will find out.

 

[rjacobs]

Haha....I say that when I get in an American plane...some of their Airbus are super dated interior wise. And yes, that is somewhat a factor for me.

Then again, there is obviously a curve where a retrofit/update on planes that are old, but paid for can offset the huge cost of new planes. Delta was on a buying spree in the 2010-2018 era (IIRC), but I'm sure that's really come at a cost. I would NOT want to be CEO of an airline. That is one of the hardest jobs there is IMO. Figuring out when/what to buy, load factors, fuel costs, fickle public and our own government.

I have "heard" that retro fit of certain interior components is impossible/not cost affective due to the re-work required on the air frame side. Like the new overhead bins where you can put the luggage on its side vs. flat which allows you to carry 2x as much bags and have better head room, cant be retrofitted to older aircraft or something like that due to how they attach the airframe and its not retrofitable. I dont know.

And I dont give the CEO's that much credit. There are "guys" for all that that are usually smarter in that realm than the guy who is CEO. It is IMO the CEO's job to lay out a vision for the "guys" to run with. Its also their job to shit can said guys if they arent getting it done. At my airline the original CEO was the vision guy and knew how to surround himself with the do-ers, so to speak. The next CEO was a bean counter and all that entailed. The current CEO is simply keeping the chair warm for the next guy IMO. He's useless.

 

[BytorJr]

I have "heard" that retro fit of certain interior components is impossible/not cost affective due to the re-work required on the air frame side. Like the new overhead bins where you can put the luggage on its side vs. flat which allows you to carry 2x as much bags and have better head room, cant be retrofitted to older aircraft or something like that due to how they attach the airframe and its not retrofitable. I dont know.

And I dont give the CEO's that much credit. There are "guys" for all that that are usually smarter in that realm than the guy who is CEO. It is IMO the CEO's job to lay out a vision for the "guys" to run with. Its also their job to shit can said guys if they arent getting it done. At my airline the original CEO was the vision guy and knew how to surround himself with the do-ers, so to speak. The next CEO was a bean counter and all that entailed. The current CEO is simply keeping the chair warm for the next guy IMO. He's useless.

Agree....CEO = POTUS...Set the vision out and hire smart people to get it done. I'm definitely in favor of NO golden parachute.

Interesting on the retrofit; but here is a picture from here: https://news.delta.com/delta-unveils-new-cabin-interior-across-its-fleet

And you are correct, no "new style" overhead. Uggg...Pointless. I'm going to guess the 767 can be retrofitted as the 400's I believe have that newer design of overhead.