Frontier Hiring.
#7581
Gets Weekends Off
Joined APC: Aug 2016
Position: Bus CA
Posts: 658
Dear Team Frontier:
I want to share some very exciting news about our Company. This afternoon we filed a registration statement, known as an “S-1,” with the U.S. Securities and Exchange Commission (SEC), which is the first of many steps in the process of becoming a publicly traded company. This is an important milestone for our business, and it is a testament to all of your hard work.
The public offering will provide proceeds to strengthen Frontier’s balance sheet which will support our continued growth and new job opportunities as we provide “Low Fares Done Right.”
Now that we’ve filed the S-1, the Company is in what is known as the “quiet period.” During the quiet period, the SEC strictly regulates what we can say about the offering, the process, and the Company’s current business and future prospects. In short, we cannot say much during the quiet period. This applies to any and all IPO related questions about the offering or the future of the Company, including questions about:
o The offering price;
o Timing of the offering;
o Possible future employee incentive plans; or
o Our business plans and prospects.
Because this news is likely to attract attention from the media and other interested parties, we ask that you refer any inquiries to our communications department at {deleted}
Finally, I want to remind you that it should be business as usual. The best way that you can help during this time is to remain focused on your day-to-day responsibilities and serving the needs of our customers.
On behalf of the entire management team, thank you for your continued dedication to Frontier as we embark on the next leg of our journey.
I want to share some very exciting news about our Company. This afternoon we filed a registration statement, known as an “S-1,” with the U.S. Securities and Exchange Commission (SEC), which is the first of many steps in the process of becoming a publicly traded company. This is an important milestone for our business, and it is a testament to all of your hard work.
The public offering will provide proceeds to strengthen Frontier’s balance sheet which will support our continued growth and new job opportunities as we provide “Low Fares Done Right.”
Now that we’ve filed the S-1, the Company is in what is known as the “quiet period.” During the quiet period, the SEC strictly regulates what we can say about the offering, the process, and the Company’s current business and future prospects. In short, we cannot say much during the quiet period. This applies to any and all IPO related questions about the offering or the future of the Company, including questions about:
o The offering price;
o Timing of the offering;
o Possible future employee incentive plans; or
o Our business plans and prospects.
Because this news is likely to attract attention from the media and other interested parties, we ask that you refer any inquiries to our communications department at {deleted}
Finally, I want to remind you that it should be business as usual. The best way that you can help during this time is to remain focused on your day-to-day responsibilities and serving the needs of our customers.
On behalf of the entire management team, thank you for your continued dedication to Frontier as we embark on the next leg of our journey.
#7584
Line Holder
Joined APC: Dec 2015
Posts: 71
All this talk of strike - what happens to first year FOs on probation? I'm guessing they participate, get fired, and then the union would renegotiate their rehiring upon what, end of strike or new contract? And how does that look in the future as far as the "have you ever been terminated" questions?
If I remember correctly, the new contract will have a "no hostages clause" in it which brings all pilots back after strike. Anyone care to help me out here??
If I were you, I'd be proud to tell the story of how I was fired because I wouldn't cross the picket line...only to be rehired thanks to my union brethren! That's unity!
#7586
Gets Weekends Off
Joined APC: Aug 2016
Position: Bus CA
Posts: 658
This link includes an overview of the changes made to F9's business model made since 2013; it appears to be part of a press release from Frontier to sell stock.
https://www.streetinsider.com/dr/new...12731776&gfv=1
https://www.streetinsider.com/dr/new...12731776&gfv=1
#7588
Gets Weekends Off
Joined APC: Dec 2015
Posts: 497
BB's total compensation is over $5.7 million.
Tell me again how some of you people can continue to help the company out....
You're a damn fool if you do one single thing to help them out when they are bending us over like this.
And A319, I know exactly who you are. The internet is a small place sometimes.
Tell me again how some of you people can continue to help the company out....
You're a damn fool if you do one single thing to help them out when they are bending us over like this.
And A319, I know exactly who you are. The internet is a small place sometimes.
#7590
Gets Weekends Off
Joined APC: Feb 2014
Position: Lineholder
Posts: 1,356
The lanyards, info strikes, changes in colors of ties (like SW did), etc. are all IMPORTANT to the PILOTS and the UNION. I agree, it is good to show solidarity and to be as much of one accord as possible. These little outward signs are what show ourselves and the rest of the world that we are united for our cause.
As far as their impact on the Company, I would put lanyard color at 0%. If I were CEO, I could care less what the pilots did, wore, etc. as long as they continued to act in accordance w/ the contract AND that the bottom line didn't suffer. We could have pink and purple checkerd lanyards with camoflauge colored lettering and that wouldn't move the needle one bit as long as flights continue to go from here to there.
So, while we are info picketing, they will be going about business as usual. If/when we walk out of cockpits and ACTUALLY picket, then there will be some moving with a purpose w/ in the GO. This company operates with one of the largest profit margins in the industry and will still make money (albeit a little less) w/ two engine taxi use, if we don't pick up open time, etc. I would surmise that there would need to be somewhere in the ballpark of a 90% completion rate of all scheduled flights (ie. 10% of flights cancelled) per day for the company to "break even." Hell, for all I know, that # might be less. Right now, the highest rates of cancelled flights industry wide range in the 2.5 - 3.0% range. Of course, every cent counts but losing .05% due to increased fuel used because of two engine taxi or cancelling 2-3 flights per day because no one picked up open time and all the reserves were used isn't going to create a difference large enough to renegotiate our labor contract.
As I mentioned, I will do what the union asks to my best ability but I would be EXTREMELY surprised if some industry leading TA appeared prior to our self-help.
Last edited by dracir1; 03-31-2017 at 05:21 PM.
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