Q1 2024 Earnings Call: May 2 at 11AM EDT
05-01-2024 | 06:47 PM
#11
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Joined: Jun 2021
Posts: 1,335
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From: Joystick Operator
I remember those statements....
ULCCs can do that, and you can manage to do well, but when you run the operation so poorly and scare away your pax with terrible CS, idk what they expect.
05-02-2024 | 07:48 AM
#12
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Joined: Mar 2021
Posts: 1,768
Likes: 28
observations from today's call
80% out and backs by June
SJU will be "gateway" to Caribbean
New markets will "grow 20%" (??) next quarter
Barry - "we are chasing higher yield opportunities"
FA Hiring is targeting local applicants. "No dispute" with FA's regarding multi-day trips, "we simply are not going to do them"
numerous questions about Frontiers "debt financing" model, Barry got agitated.
Pilot Contract: Barry - "landscape is COMPLETELY changed. Regionals are filling classes. NO PILOT SHORTAGE."
Pilot Contract: Barry - "very early" in negotiations. In mediation. Barry- "LOCKED IN" to mediation. (implied "hands are tied"). Typically timeline is 2 years minimum to reach an agreement when mediation involved. Zero urgency noted in Barry's tone or voice.
More focus on YIELD, less on LOAD.
80% out and backs by June
SJU will be "gateway" to Caribbean
New markets will "grow 20%" (??) next quarter
Barry - "we are chasing higher yield opportunities"
FA Hiring is targeting local applicants. "No dispute" with FA's regarding multi-day trips, "we simply are not going to do them"
numerous questions about Frontiers "debt financing" model, Barry got agitated.
Pilot Contract: Barry - "landscape is COMPLETELY changed. Regionals are filling classes. NO PILOT SHORTAGE."
Pilot Contract: Barry - "very early" in negotiations. In mediation. Barry- "LOCKED IN" to mediation. (implied "hands are tied"). Typically timeline is 2 years minimum to reach an agreement when mediation involved. Zero urgency noted in Barry's tone or voice.
More focus on YIELD, less on LOAD.
05-02-2024 | 07:53 AM
#13
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Joined: Jun 2021
Posts: 1,335
Likes: 92
From: Joystick Operator
Dont forget our new app and website coming out later this year.
That guy wanted to stop asking Barry questions and get off the call when he got agitated. It was funny to listen to.
Yeah, Barry says majority of FA's are alright and they are just hiring ones that live in base (which just replaces the senior ones who left) (He also never mentioned how he told them to just "get roommates")
Negotiations... Well, yeah. I guess we are just overstuffed and have plenty of people who want to stay here, which explains the training contract. When will the union step in and start calling out these lies?
That guy wanted to stop asking Barry questions and get off the call when he got agitated. It was funny to listen to.
Yeah, Barry says majority of FA's are alright and they are just hiring ones that live in base (which just replaces the senior ones who left) (He also never mentioned how he told them to just "get roommates")
Negotiations... Well, yeah. I guess we are just overstuffed and have plenty of people who want to stay here, which explains the training contract. When will the union step in and start calling out these lies?
Last edited by spooldup; 05-02-2024 at 08:12 AM.
05-02-2024 | 09:02 AM
#15
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Joined: Dec 2021
Posts: 758
Likes: 32
If we have 100 trips with 80% turns, when we grow to 110 trips, 80% will still be turn, but now instead of 20 multi-day trips, now we have 22 multi-day trips, so look, we increased the multi-day trips.
05-02-2024 | 09:13 AM
#17
On Reserve
Joined: Jun 2022
Posts: 30
Likes: 0
Ah I misunderstood, thank you for the clarification.
05-02-2024 | 04:14 PM
#19
Almost there
Joined: Apr 2021
Posts: 1,943
Likes: 98
They mentioned extending the leases of another 3 aircraft and claiming 71M in cost savings from those transactions. I really dislike the way they present the finances related to this and so do other investors. They talk about it about 31 minutes into the presentation.
They also mentioned a 5-9% drag on revenue for new routes for a year. 20% of routes. However, in a very recent presentation he mentioned we would see an immediate revenue advantage when realigning to the routes (out of Vegas or MCO presumably) because of low loads on the previously established routes before the change. Contradicted himself with previous guidance.
They also mentioned a 5-9% drag on revenue for new routes for a year. 20% of routes. However, in a very recent presentation he mentioned we would see an immediate revenue advantage when realigning to the routes (out of Vegas or MCO presumably) because of low loads on the previously established routes before the change. Contradicted himself with previous guidance.
05-02-2024 | 05:17 PM
#20
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Joined: Aug 2021
Posts: 396
Likes: 45
He’s not lying. Frontier doesn’t and hasn’t had a hiring problem during the recent “pilot shortage”. They just lowered the standards and immediately increased the pool of candidates. What Frontier DOES have is an attrition problem. Hence, training contract.
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