Franke’s recent speech at CAPA Masterclass
#21
Gets Weekends Off
Joined APC: Dec 2012
Posts: 2,078
#22
Gets Weekends Off
Joined APC: Apr 2017
Posts: 464
When you state that the data is number of flights flown for that week vs that same week in 2019 it really suggests that Spirit and JetBlue might be doing very well. If the airline can be "right sized" for the time being it is better to operate fewer flights and bleed less cash. Operating more flights is not necessarily a good thing, unless those flights are making money. Now fortunately for Frontier's case if we operated 23% of our normal schedule and the following week we were showing 26+% of our normal loads, that suggests things are doing relatively well. It gives reason to continue growing and keeping the airline sized appropriately for the number of passengers. Also, while revenue is certainly down, operating costs are also lower. "Free" payroll for many employees through Sept while many employees are also taking voluntary 33% pay cuts to be able to stay home, fuel prices significantly down, maintenance costs down due to aircraft not operating. We're absolutely still bleeding money, but management has done very well to make recovery stronger. Looking at everything objectively it's nowhere near as bad as you suggest.
#23
I agree there is a huge opportunity here for Frontier.
American and United have to burn the furniture to stay alive and our management is going to **** away $500 million plus by not offering an early out similar to Americans. They’ll show us!
Meanwhile Frontier jumps in and fills the void. A huge void.
American and United have to burn the furniture to stay alive and our management is going to **** away $500 million plus by not offering an early out similar to Americans. They’ll show us!
Meanwhile Frontier jumps in and fills the void. A huge void.
#24
Gets Weekends Off
Joined APC: Dec 2013
Posts: 501
I imagine at present F9 is seeing an average of 30% loads. Basically everyone has that now. That number is slowly ticking up. The game moving forward for “full steam ahead” is surviving or surviving while taking market share. So, yes, I think the full fleet will be deployed soon. The question will be how long can F9 survive the liquidity game to stay on the offensive? Only a handful of private equity owners know that and they don’t waste time on this board. :-)
#25
Line Holder
Joined APC: Nov 2018
Position: B756 FO
Posts: 79
I imagine at present F9 is seeing an average of 30% loads. Basically everyone has that now. That number is slowly ticking up. The game moving forward for “full steam ahead” is surviving or surviving while taking market share. So, yes, I think the full fleet will be deployed soon. The question will be how long can F9 survive the liquidity game to stay on the offensive? Only a handful of private equity owners know that and they don’t waste time on this board. :-)
#26
Line Holder
Joined APC: Dec 2017
Posts: 28
Load factor
I imagine at present F9 is seeing an average of 30% loads. Basically everyone has that now. That number is slowly ticking up. The game moving forward for “full steam ahead” is surviving or surviving while taking market share. So, yes, I think the full fleet will be deployed soon. The question will be how long can F9 survive the liquidity game to stay on the offensive? Only a handful of private equity owners know that and they don’t waste time on this board. :-)
#27
Gets Weekends Off
Joined APC: Mar 2018
Posts: 247
Current load factor is 50-65% depending on the day. Las Vegas opens June 4th and Disney world starts July 11th. Will be ramping up flights as those approach.
#28
Gets Weekends Off
Joined APC: Nov 2012
Position: 1900D CA
Posts: 3,391
I don't want to be a Debbie downer, but I guarantee we are not anywhere close to breaking even.
I think our breakeven load factor is above 60%. Especially considering our fares are cheap now.
And we are paying lease payments for 50+ airplanes sitting in NM.
I think our breakeven load factor is above 60%. Especially considering our fares are cheap now.
And we are paying lease payments for 50+ airplanes sitting in NM.
#29
Line Holder
Joined APC: Nov 2017
Posts: 68
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