F9 Financials
 

Today was the Q2 investor call. Here's just a few highlights:

Net loss for the quarter was $121 million

• Total operating revenues of $605 million, 11 percent higher than the corresponding pre-COVID quarter in 2019
  
• Generated $69 of ancillary revenue per passenger during the first quarter of 2022, 21 percent higher than the corresponding pre-COVID quarter in 2019
  
• Repaid the $150 million outstanding borrowings under the secured term loan facility with the U.S. Treasury (the “Treasury Loan”) in February 2022, unencumbering the Company's co-branded credit card program and related brand assets that had secured it
  
• Ended the first quarter of 2022 with $727 million of unrestricted cash and cash equivalents
  

Thanks for the cliff notes.

if Spirit end up not happening then what? Just curious.
I know there are plenty of orders. Organic growth I assume.

Yes, organic growth without our biggest competitor being a thorn in our side. Plus a 100M cash payout from NK/B6 for breaking the agreement.

The biggest drawback for the pilots in the event that NK goes with B6 is we won't immediately begin negotiations on a joint contract. We will remain on our current contract longer

So if they didn’t have to repay the $150 million would it have been a profit of around 30 million ?

Did spirits board accept the F9 deal and are on the hook for the 100 million?

No, the loss does not include the $150m repayment.

Gotcha, best of luck.

I’m not sure it would be that much longer when it’s all said and done. A jcba wouldn't be done until 2024. Early opener is next year I believe. If we don’t merge the company should want to get something done asap. I don’t see how else they can slow attrition.

DAL 321 rates?
we do carry wide body loads…….

Biffle already said we make the same as Delta, so I think those 321 rates should be easily agreed upon! But for real…we’re carrying wide body loads.

You would have thought so at Alaska as well though….I’m starting to get a bad feeling about the fight headed our way.