Originally Posted by
BobSacamano
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.
76.87% loss of value since going public. Vote of no confidence.