All is quiet in Quito.

 

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

 

Ha! Geez. Yes, it's "quite" the quiet period...

Google Frontier SEC S-1 filing. You'll be able to read more about us than ever before.

 

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.

 

Horsesh!t how they are bending us over.

 

Let me clarify as it seems some have misunderstood my thoughts...

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.

 

Here's a question:

Does anyone know (NC) if we are or will be asking for shares as part of our compensation package?

 

You will go on strike before they offer up any of their own solid gold parachutes. Ask 400 spirit pilots about their shares. Hint: there are none

 

So fiscal year ending 2016, Frontier has $612,000,000 in cash and $1,341,000,000 in total assets.

You Fapa invest guys need to dig into the filing. It clearly states that the proceeds of the IPO will be used to fund the pilot phantom equity program. Unfortunately, they value your entire equity at only $40,000,000.

 

That's interesting. Our equity stake is a percentage. If that's the case then it's very easy to value the company for this IPO. But...since they left certain numbers blank until later, which is normal, they used a low number for simplicity and convenience. The actual pricing of stock and valuation of the company doesn't come until the very end. And even that is a guesstimate causing huge ulcers for the underwriters.