Originally Posted by
VisionWings
we made 1 billion in revenue. That’s super easy math to 400 million. I was referring to the raise in fare price from current average ticket price which was listed in our q4 filing. If you want to check you can compare the average fare price over at the big three see if it runs around 164$/ticket
I have no qualms with your ticket price or revenue number. But you’re equating a 40% raise to that total revenue not total pilot costs. And you are using a per quarter revenue. Unless I have misunderstood you again? I feel like I am just misreading your math somehow.
My math…
Pilots make up 28% of our workforce. Frontiers total salary costs last year totaled 954M. It’s impossible to get to 400M per quarter with a 40% raise based on those numbers.
Let’s just say pilots cost 500M per year for easy math. And let’s give our contract a 50% raise after all benefits are computed again for easy math. Thats only a $250M hit for the whole YEAR.
So 3.775B plus 250M = 4.025B in revenue required to have the same 80M profit. Divide that 4.025B in revenue by the 33.3M passengers we carried and you get $120.88 per passenger.
$7 change from the current ticket price. That doesn’t include the benefit of having more airplanes, more passengers, with more mature markets, with a revamped route network…all things Barry literally said yesterday. He also has mentioned reaching 5B in revenue very soon.
All math comes off of recently filed 10K