Another regional lifer comment. I remember flying with a couple MEM Captains. When I asked them about Spirit, JetBlue, or VX, I got the "Oh I'm only leaving for Fedex!" Their MEM roots are established, I can understand that. But to put all your eggs in one basket hoping for one carrier is foolish. Now some of them did escape and are at purple, but the rest are now being forced out of MEM as it closes, and will be doing a near-impossible commute to MSP, DTW, or JFK. At that point, when hundreds are commuting in between those city pairs, I'd rather do a MEM to SFO commute for VX or FLL for Spirit.The judge would have approved the term sheet immediately so there is no full pay to the last day. Have you seen the starting pay rates at spirit? ($39/hr) Captains can still make over $90000/yr at 9E while they wait out a call from a airline that pays decent starting wages. How is what spirit pilots make any different than the contract we just accepted when compared to Delta or United? A 7 year Spirit Airbus captain rate is $120/hr and at Delta it would be $190/hr. Virgin pays $44/hr and you want me to commute to California or New York while a Gojet FO gets my $90000 Job. You can say that there will be a quick upgrade at these LCC's but no one can say that with 100% certainty. Now I could be stuck as an FO at a LCC and it may take 6-8 years to get back to where I was at 9E.
With the exception of Southwest, the low cost carriers are putting pressure on mainline wages by doing the same job for lower wages. Kind of sounds like the definition of a regional pilot.
At 2nd year VX pay, $65/hr, doing 90 hr credit per month (not too hard) plus per diem you'd be on track for $78k, or $85k if you do 95 hr credit per month. It really depends on what you want. But make no mistake, if regaining credit is what you want, you can easily do that at any LCC within your 2nd year, or 3rd by latest. Spirit has plenty of opportunities for soft money credit. And with only 81 planes and 850-900 pilots, unless you are in the top 450 you will be downgraded to FO.
As for your last comment, the LCC pressure on mainline wages has turned the tables. The latest pilot contracts at Delta and United show that to be the case. United and Delta have had good achievements in their respective pilot contracts, far better than wha VX, Spirit, and JBLU have to offer. I don't buy your premise that the LCCs are doing what the regionals are doing to mainline.