Originally Posted by
CMFIC
290- although we don't agree, I appreciate a coherent comment.
If you really believe pilots are naive for thinking this is a cost neutral offer, you may want to review recent comments made by the CFO (soon to be CEO) of Spirit Airlines. Keep in mind, the CFO has the ultimate situational awareness of a company's finances.
"Should the tentative agreement with our pilots be ratified, we will gain tools that will allow us to further improve our operational reliability and drive efficiencies, which gives us confidence that we will be able to maintain or grow our relative cost advantage,"
Pursuant to Securities Act of 1933 (SEC rules), section 4A, it would be illegal for an executive to make such misleading statements to the investment community.
Can we agree this is offer is trading QOL for an industry lagging pay rate?
And how some don't see this as cost neutral befuddles me. When the dang CFO tells investors its neutral and still a group is all in "yes" like this is a fair and "industry standard". Its far from standard on every section period. YGTBSM