Furlough
10-19-2020, 05:25 AM
#1132
Gets Weekends Off
Joined APC: Sep 2015
Position: UNA
Posts: 4,419
Originally Posted by Gary et al
If delta is roughly 14,500 pilots and frontier 1600, delta is 9 times larger than frontier. If delta is burning 18mil a day, that would mean frontier would need to burn 2, not 1mil to be using cash at a similar rate.
If you were burning 500k, that would be bad. Using the same analysis delta is 14,500 times larger than you. A comparable burn rate would be $1,241/day for you, or $625/day if you were eating cash like frontier.
10-19-2020, 05:38 AM
#1133
Gets Weekends Off
Joined APC: Jan 2009
Posts: 1,269
Originally Posted by Trowserchilli
We made a profit in the 2nd Q. I doubt any other airline also did.
We have a billion in cash and are around 1 million a day on days we loose, some days we break even and some we squeak out a profit.
We have a billion in cash and are around 1 million a day on days we loose, some days we break even and some we squeak out a profit.
Where do you find this info being frontier is a private company? Is it DOT reports or is just what other pilots are saying in the crew rooms?
10-19-2020, 06:03 AM
#1135
Gets Weekends Off
Joined APC: Oct 2013
Posts: 1,666
Originally Posted by TrojanCMH
Where do you find this info being frontier is a private company? Is it DOT reports or is just what other pilots are saying in the crew rooms?
$1b in cash came from BB’s latest video along with an assessment he made that Frontier is in a better position on a cost basis relative to other airlines due to the lower debt burden acquired during the pandemic. In other words, the gap between our costs vs the other airlines is wider than pre-pandemic.
Not sure what the cash burn per day source is.
Last edited by Xdashdriver; 10-19-2020 at 06:47 AM.
10-19-2020, 06:25 AM
#1136
Gets Weekends Off
Joined APC: Sep 2015
Position: UNA
Posts: 4,419
Originally Posted by WaterRooster
Thanks. Still doesn’t change the overall theme of the post though.
10-19-2020, 06:47 AM
#1137
Gets Weekends Off
Joined APC: Nov 2012
Position: 1900D CA
Posts: 3,395
https://www.transtats.bts.gov/
It's not very easy to find the info, but it is public.
here's Frontier: https://www.transtats.bts.gov/carriers.asp?pn=1
BL is telling ground school classes that we have nearly 1 B in the bank and burning just under 1 M a day.
For comparison, United is losing 25 M a day.
https://abc7chicago.com/business/united-says-some-job-cuts-will-be-permanent-lost-$24b-in-3rd-financial-quarter/7036124/
I would say that a fair comparison would be that United is burning thru 2.5x as much money as us relative to our sizes (ual being roughly 10x bigger than us)
It's not very easy to find the info, but it is public.
here's Frontier: https://www.transtats.bts.gov/carriers.asp?pn=1
BL is telling ground school classes that we have nearly 1 B in the bank and burning just under 1 M a day.
For comparison, United is losing 25 M a day.
https://abc7chicago.com/business/united-says-some-job-cuts-will-be-permanent-lost-$24b-in-3rd-financial-quarter/7036124/
I would say that a fair comparison would be that United is burning thru 2.5x as much money as us relative to our sizes (ual being roughly 10x bigger than us)
10-19-2020, 08:51 AM
#1140
Gets Weekends Off
Joined APC: Dec 2018
Posts: 1,000
Originally Posted by AxlF16
Not really, it's fine with me if you want to live in fantasy land.
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