Are Spirit furloughs possible?

[StandBy1]

Does Spirit really hire guys right out of Riddle? I hope thats a joke.

Whoops I meant threads. Here's one:

http://forums.flightinfo.com/showthread.php?t=108419&highlight=erau+spirit

 

[Jet41]

the A320 probably the most advanced aircraft in the sky;

You're kidding right?

 

[castle bravo]

Luckly for us at Spirit it is a privately held company...so we can see the impending doom...and will hear about us closing while driving to work.

Ahhhhhh, the wisdom of having faith in Oaktree and Indigo.....
I'm just certain they hold the best interests of the company and it's employees dear to heart.....

 

[Mike man]

Ahhhhhh, the wisdom of having faith in Oaktree and Indigo.....
I'm just certain they hold the best interests of the company and it's employees dear to heart.....

The dictionary called for castle bravo, it wants you to learn the meaning of sarcasm.

But seriously thanks for trying.

 

[castle bravo]

Ox,
Can you tell us about NK's fuel hedging strategy?

 

[Mike man]

Spirit fuel use reduction plan...

-Using GPU and air carts where available to minimize APU use for the flight crews...but maintenance can run the APU for 8-12 hours over night.

-Planning flights with not extra fuel.

-Changing the W&B program to the crews so W&B delays will result in a NOI from Jeff C.

...thats all I can come up with for now.

 

[Colonel Savage]

...so W&B delays will result in a NOI from Jeff C...

What's an NOI? Sounds like some kind of dicipline...

 

[castle bravo]

Spirit fuel use reduction plan...

-Using GPU and air carts where available to minimize APU use for the flight crews...but maintenance can run the APU for 8-12 hours over night.

-Planning flights with not extra fuel.

-Changing the W&B program to the crews so W&B delays will result in a NOI from Jeff C.

...thats all I can come up with for now.

Ok, but what about the hedging? Do we know what % of NK's current and future fuel needs are hedged, and at what price?

 

[castle bravo]

What's an NOI? Sounds like some kind of dicipline...

Try on: Notice of Investigation. Since the individual mentioned by Ox was former NWA management, this might occur quite frequently.

 

[Mike man]

I seriously doubt that any of the fuel is hedged...the releases normally have the current fuel price for the city pairs.

NOI's occur often...but seem to be retracted almost as often.

 

[LITCHAT7]

Ok, but what about the hedging? Do we know what % of NK's current and future fuel needs are hedged, and at what price?

This is a very good question. I was talking to one of the guys from training the other day that said we have 63% of our fuel hedged! Did'nt say a price however. Not sure if he knew what he was talking about. Anyone else in the know?

 

[Mike man]

Fuel Hedges
In April, 2005, Spirit implemented a fuel price hedging strategy to mitigate the risk of rising oil prices. Over the course of the second quarter, Spirit invested in fuel hedge positions that essentially cap the price that Spirit will pay for 100% of its remaining 2005 jet fuel consumption at levels well below today's market prices. The Company intends to maintain this strategy on a go-forward basis.

http://findarticles.com/p/articles/mi_m0EIN/is_2005_July_19/ai_n14794679

Who knows some of the fuel just might be hedged...

 

[lostplnetairman]

When Ben used to give weekly updates in 2007 he mentioned that they were hedged almost totally for the next few years (by definition, few = 3-8).

 

[castle bravo]

OK, but at what price? Are the hedges underwater?