Unfortunately, I agree.

Stock investors read articles in the Wall Street Journal and the like to decide if a stock is worth buying. When the IPO is coming, there will be numerous articles written about Frontier. They will talk about the ULCC market, the transition to the ULCC model, the reduced costs, increased profits. It'll highlight the similarities with Spirit and how much money they have made. Thats about it. Having ready many articles in financial journals, I really don't see the pilot contract even being mentioned... and if it is it'll be one sentence saying the pilots at Frontier are the lowest paid in the industry, and contract negotiations are expected to last for years...

Our contract will have virtually no effect on the stock price. This contract will drag on for years. Its just the reality of it. It doesn't mean we wont ever get a contract, it doesn't mean that it will be a bad one. The IPO and the pilot contract are not dependent on each other.