Frontier
05-15-2008 | 06:46 PM
#32
Gets Weekends Off
Joined: Oct 2006
Posts: 394
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From: In the bunk
Of course our management would state that. We're in contract negotiations, it's part of the doom and gloom campaign. Whether we would have lost money without hedges is debateable, because without the hedges we would had to raise prices to offset the extra fuel costs.
05-16-2008 | 09:39 AM
#34
Line Holder
Joined: Feb 2008
Posts: 31
Likes: 0
raise prices
Of course our management would state that. We're in contract negotiations, it's part of the doom and gloom campaign. Whether we would have lost money without hedges is debateable, because without the hedges we would had to raise prices to offset the extra fuel costs.
05-16-2008 | 03:01 PM
#38
Gets Weekends Off
Joined: May 2007
Posts: 146
Likes: 0
From: B-747-400/8
Frontier submits severance plan for managers
http://www.9news.com/money/article.aspx?storyid=91915
DENVER (AP) - Frontier Airlines has asked a court to approve a severance plan for senior managers it says is key to its efforts to reorganize under bankruptcy protection.
The airline says the plan is substantially less than those for comparable positions elsewhere in the industry. It would cover Frontier employees who don't have severance guarantees.
Denver-based Frontier submitted the plan today for 65 employees at the director's level or higher.
Benefits would range from about $50,000 to a maximum $144,000.
The Teamsters Union claims Frontier was seeking a "golden parachute" benefit for senior management. But Frontier spokesman Steve Snyder says CEO Sean Menke has taken a 20 percent pay cut to a $260,000 base salary.
DENVER (AP) - Frontier Airlines has asked a court to approve a severance plan for senior managers it says is key to its efforts to reorganize under bankruptcy protection.
The airline says the plan is substantially less than those for comparable positions elsewhere in the industry. It would cover Frontier employees who don't have severance guarantees.
Denver-based Frontier submitted the plan today for 65 employees at the director's level or higher.
Benefits would range from about $50,000 to a maximum $144,000.
The Teamsters Union claims Frontier was seeking a "golden parachute" benefit for senior management. But Frontier spokesman Steve Snyder says CEO Sean Menke has taken a 20 percent pay cut to a $260,000 base salary.
05-16-2008 | 03:50 PM
#39
A moment please...
Joined: Sep 2007
Posts: 769
Likes: 0
From: Just passin' thru
05-16-2008 | 05:38 PM
#40
Gets Weekends Off
Joined: Feb 2008
Posts: 847
Likes: 0
From: 757/767 FO
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