Q2 Financials
08-01-2023 | 02:16 PM
#11
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Joined: Dec 2021
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Aaaaand just like that on FB is a note that check in and bag drop counters will cut you off an hour before the flight starting August 16th. So is that an hour before the scheduled departure or an hour before the two hour delay that they won’t notify you of until the scheduled departure?
08-01-2023 | 02:25 PM
#12
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Joined: Aug 2007
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Ive got to say that I’ve always been reasonably comfortable defending the airline to people at home, and being low cost and all. I love the idea in theory. But the **** poor way in which the product has been delivered recently has made me more embarrassed than anything when I’m starting to have friends and family text me and ask me what Frontiers refund policies are due to a bad experience. I genuinely want to have pride in our low-cost product. It’s just very difficult in the current state of affairs.
08-01-2023 | 02:37 PM
#13
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Gets Weekends Off
Joined: Nov 2012
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From: 1900D CA
08-01-2023 | 04:09 PM
#15
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Joined: Aug 2007
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We also revised our FY2023 guidance downward to 4-6% margin. The players on the call spent a lot of time tap dancing and coming up with excuses for that, including ATC, weather, and excess capacity due to higher than normal growth numbers. Will be an interesting stretch of time as the year plays out as Bill Franke has stated publicly during one of his recent interviews that indigo is not interested in carrying an investment that doesn’t consistently produce double digit margins.
08-01-2023 | 04:40 PM
#16
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Joined: Nov 2019
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We also revised our FY2023 guidance downward to 4-6% margin. The players on the call spent a lot of time tap dancing and coming up with excuses for that, including ATC, weather, and excess capacity due to higher than normal growth numbers. Will be an interesting stretch of time as the year plays out as Bill Franke has stated publicly during one of his recent interviews that indigo is not interested in carrying an investment that doesn’t consistently produce double digit margins.
08-01-2023 | 05:22 PM
#17
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Joined: Dec 2021
Posts: 768
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This after the quarter management put the squeeze on ancillary to the detriment of what of what little brand we had left. Meanwhile BB has unloaded about $7m in shares. Pump and dump. Screw these criminals.
08-01-2023 | 05:49 PM
#18
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Joined: Apr 2015
Posts: 339
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One of the questions by an investor related to this. They touted the ancillary fees being $5 higher but the average fare per ticket was down $17 per ticket. Shurz mentioned it was because of our low fares driving demand approach. 30% of our routes being new and pushing the prices down to get it going. Some stick and some don’t. But considering we probably always do that it didn’t really explain the drop. The amount of go wild pass promotions and deals I’ve seen lead me to believe there is something more fundamental happening. Maybe our reputation is becoming more problematic?
08-01-2023 | 05:55 PM
#19
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Joined: Dec 2021
Posts: 768
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I really think we are going to have trouble filling seats next year. It’s possible we are out growing our market and load factors seem to reflect this. Without the company really throwing some money down to invest in growing the airline properly I can see things not being so rosey in one to two years.
People figured it out. We burned them and they are avoiding us.
08-01-2023 | 07:26 PM
#20
Almost there
Joined: Apr 2021
Posts: 1,976
Likes: 118
I really think we are going to have trouble filling seats next year. It’s possible we are out growing our market and load factors seem to reflect this. Without the company really throwing some money down to invest in growing the airline properly I can see things not being so rosey in one to two years.
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