Originally Posted by
Tranquility
How many pay cuts did Southwest take when the legacies were in ch.11?? The answer gives me some level of reassurance....
Exactly. Some people on here seem to think of a legacy files Ch11, we then need to expect some negative impacts to us. I would suggest those people spend an hour and listen to our recent earnings call and see what’s going on.
We are not a legacy carrier. Our highs aren’t as high as their big profit sharing checks but our lows aren’t their lows. As expected, the ULCC segment is showing the first to rebound and the first to be profitable.
So if anyone thinks AAs issues in the near term affects Spirit pilots, probably misguided at best.
And I’ll happily wait for section 6 contract talks when management makes to argument that we now need to take less money because the most mismanaged legacy carrier can’t make it work.
We are a zero concession airline. We did not entertain concessions while other carriers did, and can’t imagine why we would ever entertain them based on what we are looking at now. The company even said they won’t be concerned with cash burn going forward because as they come out of this pandemic, cash burn isn’t an effective tool for monitoring success or failure. Meanwhile AA is still trying to get their cash burn in the 20m a day range
Call me crazy but I would rather listen to the tone and planning from our upper management on an earnings call vs a certain someone on here who loves to conflate an AA bankruptcy as being a “blood shedding” event for the industry, including us.