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Q2 2021 Profit + 10 additional 321's

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Old 08-04-2021, 12:43 PM
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Default Q2 2021 Profit + 10 additional 321's

During July 2021, the Company signed a letter of intent with two of its leasing partners to add ten additional A321 aircraft through direct leases, with deliveries beginning in the second half of 2022 and continuing into the first half of 2023. The additional A321 aircraft will enable the Company to boost its ASM growth rate as recovery from the COVID-19 pandemic continues.
10 Planes of extra growth and a $19m GAAP profit.

Not bad!
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Old 08-04-2021, 04:37 PM
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Great, now pay people to serve the airplanes, so we can capitalize on this time and come out glowing.

I know who were working for, but hey, it's a shot.
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Old 08-04-2021, 04:47 PM
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Originally Posted by FlyingR6 View Post
Great, now pay people to serve the airplanes, so we can capitalize on this time and come out glowing.

I know who were working for, but hey, it's a shot.
Yea these numbers are ok, but we have a loooong way to go. You can blame anyone or anything, but the fact is staffing above and below and catering are all abysmal leading to a subpar product. If you have to raise ticket prices to pay the people, so be it.
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Old 08-04-2021, 06:21 PM
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Doesn’t adding 10 additional 321s just mean conversion of 320 orders? Investor sales pitch I believe and not additional airframes.
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Old 08-04-2021, 06:57 PM
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Originally Posted by Yabadaba View Post
Doesn’t adding 10 additional 321s just mean conversion of 320 orders? Investor sales pitch I believe and not additional airframes.
it’s a agreement with a leasing company, not a new Airbus order. The company has been shopping the used market for a while. They would even like some white tails. At this point you couldn’t get new 321’s from Airbus in a year.
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Old 08-04-2021, 07:02 PM
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Originally Posted by Yabadaba View Post
Doesn’t adding 10 additional 321s just mean conversion of 320 orders? Investor sales pitch I believe and not additional airframes.
It doesn’t appear to be an order conversion. It’s a letter of intent with our leasing partners to lease 10 available 321s that need a home. However, you’re not totally wrong. As I understand it, a good number of our 320 orders have, in fact, been converted to 321s leaving us with a fleet of over 50% 321s by the end of the delivery period. But the 10 321s we all learned about today are not conversions, but additional growth aircraft.
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Old 08-04-2021, 08:24 PM
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Originally Posted by Mooneyguy View Post
it’s a agreement with a leasing company, not a new Airbus order. The company has been shopping the used market for a while. They would even like some white tails. At this point you couldn’t get new 321’s from Airbus in a year.
Ok, gotcha. They have been talking about snatching up cheap airframes to add to the fleet for my 6+ years and it has never happened. Realistically these haven’t shown up yet either but the talk is good news.
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Old 08-04-2021, 10:10 PM
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PHX base mentioned on the call... just make it official already!
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Old 08-05-2021, 06:55 AM
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Originally Posted by BaseballFlyer7 View Post
PHX base mentioned on the call... just make it official already!
What call?
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Old 08-05-2021, 07:00 AM
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Originally Posted by BaseballFlyer7 View Post
PHX base mentioned on the call... just make it official already!
Frontier management is very aware of managing employee perceptions and expectations. The quote has been attributed to various people, but there's a principle that says,

"The grand essentials to happiness are something to do, something to love, and something to hope for."

The constant teasing of new bases, new airplanes, new hires, etc. gives the group something to hope for. Management will use it as long as it works and every so often a new base will actually appear and it'll lend credence to rumors of the next base.

It's human nature and there's nothing wrong with it, I just think that we should all be aware that there may be a bit of gamesmanship involved and take all this with a grain of salt.
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