Originally Posted by
Lakeaffect
The negative profit is a direct result of the pandemic and not necessarily a reflection of a business problem. We are expecting to be profitable again soon, probably this quarter as will frontier. So they don’t have a case there. And the bigger reason is that it would be business suicide if they tried to push a pay-cut on to us. They wouldn’t be able to grow or even maintain. Both sides wanted this merger deal, that’s why it went through. Sprontier can’t take full advantage of the merger until a JCBA is agreed upon. It’s in managements interest to give us a raise not only to keep the flow of pilots coming, but also to get their precious merger accomplished. We have more leverage than any of us has EVER had in any of our careers. Its not really even debatable.
Everybody is concerned about the pilot shortage, if that weren’t the case, then yes I could see maybe no pay raise.
FWIW, consensus EPS estimates for Q1 2022 are -$1.04/share. Not profitable. I can’t speak for ULCC as I don’t follow their stock.