Thread: "Earnings Live"
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Old 01-26-2018 | 11:33 AM
  #128  
Boeing Aviator
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Originally Posted by Chief Brody
And I never claimed it was "all - in". But I did say that F9 can make money on that $20 fare. Other airlines cannot. That is the reality the industry needs to face if it wants the legacies to survive.
Spirit has an agreement in principle for a 45% pay raise, Virgin just got a sizable raise in their Alaska merger contract. Frontier and JetBlue are next up both with big pay increases. I believe Allegent got a sizable raise a year or two ago. It’s called pattern bargaining and it’s ALPA’s wet dream. The LCC’s ability for profit and to survive on extremely low fares reduce significantly as their companies mature with higher wages and higher longevity employees. Kind of levels the playing field.
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