Frontier Less likely to survive
04-23-2020, 05:40 AM
#21
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Joined APC: Jul 2018
Posts: 482
Originally Posted by nkbux
Spirit guy here. I have the utmost confidence in the business model..it’s easy to say from the outside looking in and we all get a little panicked when we read things about the place that cuts our checks. As an outsider, remember NK and F9 don’t need to operate like others to maintain profitability. I believe both of us will be ok long term but it’s gonna be a tough few years. I do however believe that this craziness makes our marriage an almost certainty.
04-23-2020, 08:38 AM
#23
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Joined APC: Jul 2015
Posts: 353
Originally Posted by BiffleBalls
As long as we don't have to fly yellow airplanes, I'm good with it... I have talked with people on the investment side of the business who agree with your assessment though. I hope all the airlines do as well as can be expected through this but it looks like our two airlines are in the best position to react to the massive change our industry will undergo.
04-23-2020, 08:56 AM
#24
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Joined APC: Aug 2007
Posts: 2,002
Originally Posted by TurboFanMan
I believe there will need to be a 2nd injection of $$$$ at some point from the government, for everyone to survive this long term.
04-23-2020, 09:14 AM
#25
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Joined APC: Dec 2012
Posts: 2,102
Originally Posted by nuball5
The Jetblue CEO said yesterday that a second bailout package for the airlines is highly unlikely. “Never say never” is what he said, so you never know. I think there would be a lot of pushback if the airlines lobbied for more money on top of the money they already received. Sounds like everyone will be on their own in five months.
Who knows at this point? I can’t see the current or any administration letting 10’s of thousands of furloughs 1 month prior to an election happen. An extension of the current deal till December 1 wouldn’t surprise me. Demand, early retirements, deferred lease payments, and general economic picture is a little unclear at the moment.
04-23-2020, 09:24 AM
#26
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Posts: 2,002
Originally Posted by fcoolaiddrinker
Who knows at this point? I can’t see the current or any administration letting 10’s of thousands of furloughs 1 month prior to an election happen. An extension of the current deal till December 1 wouldn’t surprise me. Demand, early retirements, deferred lease payments, and general economic picture is a little unclear at the moment.
04-23-2020, 11:24 AM
#27
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Joined APC: Dec 2012
Posts: 2,102
Originally Posted by nuball5
The CEO’s who sat in the White House discussing the first bailout with President Trump probably have a pretty good idea of the situation over any pilot or the general public. I hope there’s an extended bailout too if the airlines still need it and there’s no light at the end of the tunnel in terms of recovery.
Yup. I’m sure they were told do everything you can to trim the fat without layoffs and we’ll revisit in a few months.
04-23-2020, 12:45 PM
#29
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Posts: 2,102
Originally Posted by nuball5
Doubt it, but that’s what you want to think, then sure.
Well they were told to qualify for assistance no furloughs till September 30. I know that from the language. After September 30 nothing has been negotiated yet. Im not sure what you doubt? As far as weather or not they were told to trim fat that’s kind of common sense. For starters thier were executive compensation and stock buy back limitations. To me that’s part of trimming fat.
04-23-2020, 01:11 PM
#30
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Joined APC: Aug 2007
Posts: 2,002
Originally Posted by fcoolaiddrinker
Well they were told to qualify for assistance no furloughs till September 30. I know that from the language. After September 30 nothing has been negotiated yet. Im not sure what you doubt? As far as weather or not they were told to trim fat that’s kind of common sense. For starters thier were executive compensation and stock buy back limitations. To me that’s part of trimming fat.
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