Originally Posted by
AutoBrksMedium
Here is some net margin history of F9. You tell us where a 35% increase in pay comes from.
12/2020: -18%
3/2021: -25.79%
6/2021: -18.83%
9/2021: -10.36%
12/2021: -4.95%
3/2022: -5.51%
6/2022: -4.98%
9/2022: -4.26%
12/2022: -1.11%
3/2023: +1.99%
6/2023: +3.50%
9/2023: +1.80%
12/2023: -.31%
3/2024: -.67%
6/2024: -1.72%
9/2024: -.11%
12/2024: +2.23%
3/2025: +1.75%
Ok, first of all. Don't "believe" the profit quotes from the company. A lot of it is smoke and mirrors to show stock holders that they don''t make money. There are many possible reasons for doing so - insert your favorite now.
Second, the company picks the model they follow. They could decide to do anything they want - better customer service, all first class seats, better food options, etc. Anything they desire can be accomplished - it may take time but how else do you think legacy got to the way they are? Some through consolidation, some through better management and most through investment into the product. Being a ULCC is management's choice - not mine or yours. There were many pilots here before Franke/Indigo came along. And the ULCC model has many variations - Southwest was once one of them.
Originally Posted by
BusDriver2000
I don’t understand why anyone here thinks we deserve a snap up to legacy rates, sure we do the same job with less resources than them but at the end of the day they make so much more money than us. We are a ULCC I’d expect a snap up to other ULCCs hopefully with this transitional phase we are going into we can be lumped into the LCC market and that would be a huge win for us.
Third, I will never ever understand any human being who works somewhere, does the exact same thing as someone else but selectively decides they are worth less. This is sad.
Making money as a company is an individual company thing. Legacies don't always make money and MANY have folded along the way.
A 50% increase in pilot pay could come as easily as charging (about $10) more for tickets. Yes, you would sell less (in the short term) but that, with an increased commitment to customer service, would pay for itself eventually. Frontier could be the best airline in the US or it could be the worst. It's a competition.
UA CEO said it himself - pilot pay is a pass through, you pass the costs onto the customer.