VisionWings

Attached is a link to the Barclay conference with BB talking about frontier. During this conference pressed on the subject of pilot compensation he stated he only expects 20-30 percent increases in pilot compensation to be competitive with concessions in flexibility stating that frontier has a flexibility to their schedule beyond any other carriers.

During this conference He also let slip we would be increasing focus on packing product together for business travel even adding routes to DC.

This is 20-30% | 25% wages:

120-130 bottom 125

177-192 for 6year Fo 183

277-300 6 year Ca 290

324-351 top 337


https://ir.flyfrontier.com/news-and-events/events/

JoeFever1

Sorry BB. 0% chance we take any significant concessions. And it's 35% and rising...

Blueskies67

We will really need to stand strong and vote it down like United’s group did or hope our reps do not allow this to go to vote. After the last contract voting results I could see people voting in anything that isn’t egregious.

ULLI

AA, UA and SW all turned down first proposals.


Spirit accepted first 💩 that the company offered.

Side note, union already agreed to one concession. FDO lines are gone

Powderkeg

OP thanks for posting, I forgot about this conference. To be fair, the interviewer put the 20-30% number out there, not BB. And BB replied it "kind of" gets you in that range. Everything is a negotiation, if we want United's contract we may have to give up 125 over 82 to get their pay rates. If we want their LTD we may have to give up our drop/swap/split flexibility. These can both be viewed as concessions OR improvements, depending on how its spun. No mediator in the world is going to side with us asking for only the best things of every other airline contract while keeping our own favorite nuggets. The vote is in our hands but the expectations have to be reasonable.

spooldup

Where did they give up FDO lines?? I didn't see anything about that.

This right here. ^

ULLI

​​​​​Negotiations updates #22 item #6

covid19

That was a company proposal, not an agreement.

ginntonic

BB himself pinned the figure at about 25% pretty early in the interview. Starts at about 11:30. (I know I'm plane deaf, but I didn't hear 20-30%. Maybe someone can give a time stamp for that?)

Interviewer: "I think, you know, a lot of the airline stocks trade at deep value multiples we could argue. Um, but I think part of the challenge with a lot of investors here is that, this is more of an industry issue, but the things that we supposedly can control like costs and labor inflation, those have been going pretty high for the industry post-pandemic, I know you guys have an open labor contract with your pilots right now how do you expect to manage what most likely be higher wages for your pilot workforce?"

BB: "Yeah so look, we we we put out our labor guide including labor costs, and we said that it'd be about a quarter of a penny."

25% is an absolute "NO" from me.

BB also mentioned we'd be ground loading in Denver later this year.

VisionWings

it’s near the end of the video.


28:00 to get the full talk at the end of the video about labor costs


28:30 bb mentions needing the 20-30% to be competitive wages. Then he says that we have to have competitive work rules and talks about how he is inferring some of that money back through changes in work rules.