how is f9 doing financially?
#4
This website provides a good breakdown of ULCC's financials.
"Cash Runway Analysis For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway:
Stable Cash Runway: ULCC has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: ULCC has sufficient cash runway for 1.7 years if free cash flow continues to reduce at historical rates of 12.4% each year."
#5
Line Holder
Joined: Apr 2014
Posts: 441
Likes: 42
Beyond what’s publicly available the union and company had a meeting to review our current financial position. The company is claiming a contract would put Frontier into bankruptcy. They sent the pilot group a bunch of charts and graphs showing negative free cash flow, negative margins, and said pay increases at Spirit were a leading cause of bankruptcy filings.
“Any additional spend above our current proposal creates significant liquidity concerns” … not words from a thriving company.
Most pilots are applying elsewhere.
#7
Line Holder
Joined: Jun 2021
Posts: 1,335
Likes: 92
From: Joystick Operator
But yes, market rates and a contract will not be the end of this airline... We all should know that. Company propaganda and union busting isn't exactly something that people should fall for.
#9
Line Holder
Joined: Dec 2021
Posts: 758
Likes: 32
Don't like BB, but go look at giant canyon on the S&P chart for Q2, maybe that will be a clue.
#10
Line Holder
Joined: Jan 2024
Posts: 860
Likes: 137
“Market rates” is an interesting concept here. There’s a theory (eg Kirby) with some data (spirit) that the ULCC model is unable to compete with the legacies. If lower labor costs make the ulcc niche viable, that is arguably a different market.
Thread
Thread Starter
Forum
Replies
Last Post



