1st quarter earning call.
05-03-2023 | 12:57 PM
#1
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1st quarter earning call.
For those that think a new contract is coming soon, you might want to listen to that Q&A. They mentioned they are a ways away from having to think about CASM increases due to a new pilot contract. Our attrition numbers are right on par with what they had planned and the legacy contracts took years to negotiate so they aren’t worried in the short term. Plan on a long drawn out fight.
05-03-2023 | 01:11 PM
#2
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From: Joystick Operator
We shall see. If I was an investor, I would want to hear that also. Considering they are offering new hire bonuses, I am sure they need a new contract quickly to keep people around and gather more. Not sure how much a new contract would even affect the CASM, if it does, it would be very little.
edit- Barry also just said "Frontier continues to be an attractive place for pilots" It is all what they want to hear while giving money to a company. You don't want to tell them to their faces that we are losing a lot of pilots and having to hire low time pilots out of flight school compared to other carriers hiring ones mainly with 2k+ hours.
edit- Barry also just said "Frontier continues to be an attractive place for pilots" It is all what they want to hear while giving money to a company. You don't want to tell them to their faces that we are losing a lot of pilots and having to hire low time pilots out of flight school compared to other carriers hiring ones mainly with 2k+ hours.
05-03-2023 | 01:47 PM
#3
Almost there
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Wow. They got absolutely drilled for their peak off peak comment and the plan to change the operation accordingly. I think they are correct in their plan but the presentation was way off at the beginning. I think they finally recouped toward the end but we shall see with price movement tomorrow.
But ya. No contract for some time. OP and I heard the same thing. “Attrition right on target. 10 years you can make more at F9. Excess crew staffing…later called over staffing.”
On a positive note
2 AC leases confirmed extended until 2028
15 more aircraft coming this year
11.8 hours utilization for March
22% growth and raised guidance
83% load factor
Many more nuggets but that’s enough for now
But ya. No contract for some time. OP and I heard the same thing. “Attrition right on target. 10 years you can make more at F9. Excess crew staffing…later called over staffing.”
On a positive note
2 AC leases confirmed extended until 2028
15 more aircraft coming this year
11.8 hours utilization for March
22% growth and raised guidance
83% load factor
Many more nuggets but that’s enough for now
05-03-2023 | 06:01 PM
#4
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Are they actually still saying this?? Absolutely no shame in this management group. You have pilots on property at DAL for less than 12 months making more than 12 year captains at F9. Will it last? Maybe, maybe not. But that statement, as of today, is demonstrably false.
05-03-2023 | 06:47 PM
#5
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Are they actually still saying this?? Absolutely no shame in this management group. You have pilots on property at DAL for less than 12 months making more than 12 year captains at F9. Will it last? Maybe, maybe not. But that statement, as of today, is demonstrably false.
the comment about the cost of a new contract not being considered in ‘24 cost is amazing. That was a really stupid comment. Shows exactly what they are thinking. If you’re sitting on a cjo at UA hoping for a good contract here, you need to go get that seniority number now.
05-03-2023 | 06:48 PM
#6
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From: Lineholder
Are they actually still saying this?? Absolutely no shame in this management group. You have pilots on property at DAL for less than 12 months making more than 12 year captains at F9. Will it last? Maybe, maybe not. But that statement, as of today, is demonstrably false.
05-03-2023 | 07:08 PM
#7
Gets Weekends Off
Joined: Sep 2018
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From: FL
Are they actually still saying this?? Absolutely no shame in this management group. You have pilots on property at DAL for less than 12 months making more than 12 year captains at F9. Will it last? Maybe, maybe not. But that statement, as of today, is demonstrably false.
05-03-2023 | 07:21 PM
#8
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He said 12 months on property at DL. Which there was reports of 757/767 FO upgrading with less than 6 months. Whose 1st year pay rate is $55ish higher than 12 year F9 CA.
05-03-2023 | 08:07 PM
#9
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From: FL
And look, I am not arguing against the glaring disparity between the 2 pilot groups, but we should make realistic comparisons.
05-03-2023 | 08:15 PM
#10
On Reserve
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DL 2 year CA 320 rate is 254, F9 12 year is 262. The 2 year DL CA will be commuting to reserve for the foreseeable future. Sorry, not a realistic comparison.
And look, I am not arguing against the glaring disparity between the 2 pilot groups, but we should make realistic comparisons.
And look, I am not arguing against the glaring disparity between the 2 pilot groups, but we should make realistic comparisons.
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