Originally Posted by
otter1
Everyone who believes this TA is cost neutral is wrong. At the roadshow the union had ALPA lawyers and financial analysts, charts, graphs, and facts. Basically this TA will cost 49% more than the last one. Spirit profitability will go down 35%. These numbers come from ALPA, not the company.
I was on the fence until the roadshow. The fears I'm reading are way overblown. The gains here are substantial.
Really the main thing I was disappointed in was the fact that Reserves post PBS will be unable to drop. A definite negative since your schedule will be locked in when you get it, absent a MFV usage once every 12 months.
But as a whole there are so many more positives. Gains in scope, pay, LTD, a DC plan, and an industry standard 12 year scale are all significant.
Just go to a roadshow. That's the best advice I can give anyone, as you can ask any tough question and get it answered.
Would you say it calmed down the guys with pitchforks? What was the feeling of the room, did it feel like the message boards or is everyone pretty open?
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