We don’t sell older airplanes as they aren’t our airplanes to sell. It actually costs us money to give them back to the lease holders since they need to be in near perfect condition. They have been extending leases and showing that as a profit. Investors have openly questioned that math on quarterly calls.

 

We own a couple… like a small amount, a handful of planes. The 200s…Those are the ones I was talking about

 

We lease everything. Please reference page 12 of the 10-Q. It also discussed how we saved money by extending leases.

https://ir.flyfrontier.com/static-fi...e-e05535ce1ac7

Now if you are talking about Spirit? They do own about 20 aircraft but had them for sale for some time.

 

Not sure what Frontier "owns" in all honesty. Most everything is leased or outsourced.

 

I think we own 3 or 4 airplanes. They are the classic 320s.

 

Please reference post #13

 

When NK goes under, it will be the worse thing that could happen to us given:

Spirit is the ONE airline most people think is worse than us. Whether it's true or not, there won't be any question who is.

Also, JB will probably merge (out of survival) w/ a profitable airline leaving us as the only unquestionable ULCC. With the softening demand (due mostly to Gen Y, Z and Millennials "requiring" at least basic services that we don't offer - read this a wifi), the only people who will take F9 will be poorer Gen Xers (over 50 crowd) who really don't care about wifi or service. And, there's just not enough of them to go around - plus, if you burn them once, they'll leave and won't come back.

The only way forward for ANY American airline in terms of survival is to provide at least basic customer service (which we don't) AND be cheap. We're a LONG WAY from customer service in that it would take a completely different model.

We need to become a different airline.

 

So we can basically fill airplanes with two LCCs but if as soon as one leaves there suddenly won’t be enough demand?

 

Stayontarget is correct. F9 owns absolutely 0 aircraft.

 

Demand is softening already. We don't "automatically" get NK customers - especially the ones in their rewards/flight miles programs. Remember, they at least had wifi and big front seats. I'll believe our "first class" when I see it.

And of those customers that do still try and go the cheap route, I don't know how many would be likely to pay to join another rewards/credit card program from us for fear we go Tango Uniform as well. We're not really making that much money now so the Big 4 can afford to scale down their prices in the few markets we serve (they wont have to do the same for NK since they'll be gone). Overall, we may get a few but probably not enough to make us much more profitable.

ULCC as currently implemented is dying regardless of who's doing it.