Unfortunately, Spirit isn’t the last.
I've been at my shop for 15 years (as of next month or so) - this last year I've been displaced out of my home base for the 2nd time. They haven't made a profit since before the plague. My seniority has been going backwards for the past 2-3 years. I have 14 years left till mandatory retirement. (unless the LEPF folks get their way... then who knows what that's going to do all of our careers.)
It literally doesn't make financial sense for me to start over. If I was able to go back in time 10 years... then totally. With perfect 20/20 hindsight I'd have had apps out with everyone.
Using Spirit as my guide
(or any of the other airlines that shut down over the last 25ish years...) at my seniority I shouldn't be furloughed until the lights are turned off. I'll be at top of scale till that happens. (Another lesson that we all just learned is that concessions don't save a carrier - the exec's take their millions and bonuses and those of us that drive the bus are left out in the rain.) Right now - starting over anywhere else - I'd have thousands of younger dudes senior to me. I'll literally be dead before many of them retire.
Mathematically, I'll be a CA (@TOS) till we shrink by 35% (or more) - then a FO till we shrink by over 65%. (and we all know that in the airlines - you have to grow) I'd have multiple training events, displacements, etc. while all of that happened. The financial break even point wouldn't be for years - not including all the retirement money lost. Sadly, that's the reality for most of us middle aged dudes that have put more than 10 years into a shop. None of us had this on our bingo cards for after we turned 50. It makes more mathematical sense to sock as much away now vs. having to start at year one.
So, I'm hoping for a transactional event. Any transactional event.
Which is something that I never thought I would be wishing for in my career. But it's the one thing that would give me the career stability for the last 1/3ish of my career. (and no matter who it is - I know I'll be able to get home after the dust settles after 3+ years or so - which is better than my current projection which is 6 years to never.)
My shop would fit like a perfect puzzle piece into just about every network. (And one legacy carrier could use it to "Castle" the others out of the N.E.)
I've already got my acquired, not hired sticker ready to go... just have to paste in the colors into photoshop.
So, yeah... I think that this is just the first of many bumps in the road.