Originally Posted by
sulkair
How does an IPO affect us as pilots? I mean aside from the equity stake payout that the non-new guys have coming to them. Does it improve our odds for a great new contract quickly? Does it fix our operational problems? Do we get new bosses? I'm not sure if I should be excited or not. Honest question - but if it's rhetorical, so be it. Spirit is publicly owned and it's all roses and cupcakes
My hope is that anything that gets us beyond this fix-and-flip stage will be beneficial to the pilot group.
I think even our draconian management team knows that some of the stuff they're pulling now is not sustainable in the long run. For now though, it makes our numbers look 0.007% better so we do it.
Once we're owned by someone (general public via an IPO or another carrier via a merger) who's interested in running an airline for the long term, I think conditions will improve.
But I've been wrong before.