Originally Posted by
AUnionMemba
If management argues that a ULCC model can't support an industry standard airline pilot contract, then the ULCC model is the wrong model to continue to support. This is especially the case when the stock loses 76.87 percent of its value since going public. Vote of no confidence.
Negotiating a contract for your labor group is one thing. But taking a position in those negotiations that belies this delusion that labor gets to dictate to management and the Board fundamentally what business model to pursue is kind of outlandish and that’s a tough sell to the NMB.
Delta’s latest quarter RASM was about 22 cents. F9’s was about 9 cents. That means each seat F9 moves makes only about 41% as much of a Delta seat. Less than half.
Everyone wants the best possible contract for F9 pilots. Best. Possible. Because the most lucrative flying career, in the long run, is a stable one.
Good luck.