Go Back  Airline Pilot Central Forums > Airline Pilot Forums > Major
Why is fapa williing to give up so much? >

Why is fapa williing to give up so much?

Search

Notices
Major Legacy, National, and LCC

Why is fapa williing to give up so much?

Thread Tools
 
Search this Thread
 
Old 06-13-2011 | 03:23 PM
  #61  
Gets Weekends Off
 
Joined: May 2008
Posts: 879
Likes: 0
Default

Originally Posted by WHACKMASTER
Why don't you give me a rational arguement on how your employee concessions are going to save your airline. .
Concessions from FAPA, Airbus, etc. will add $120 million to the bottom line. Given those concessions, the BOD is willing to fund another $70 million to Frontier to keep it going. Absent the concessions, Frontier's losses will exceed the FFD profits. Shareholders care about profits; the BOD answers to the shareholders.

Please give me a rational explanation as to why you think that $190 million won't help.
Reply
Old 06-13-2011 | 03:36 PM
  #62  
Banned
 
Joined: Jun 2008
Posts: 2,282
Likes: 0
From: A320 Cap
Default

Originally Posted by FAULTPUSH

BTW, BB said he's fine with saying "full pay to the last day" if we want.

They all say that. He's full of it.
Reply
Old 06-13-2011 | 07:26 PM
  #63  
Gets Weekends Off
 
Joined: Mar 2006
Posts: 774
Likes: 0
Default

What I don't understand is how the f9 crew may fall for this crap again? If I remember correctly they were told to take concessions, which they did, to avoid bankruptcy the first time. They still went to bankruptcy and just start the bankruptcy at lower pay and benefits.
Reply
Old 06-13-2011 | 09:17 PM
  #64  
Gets Weekends Off
 
Joined: May 2008
Posts: 879
Likes: 0
Default

Originally Posted by beeker
What I don't understand is how the f9 crew may fall for this crap again? If I remember correctly they were told to take concessions, which they did, to avoid bankruptcy the first time. They still went to bankruptcy and just start the bankruptcy at lower pay and benefits.
Wrong - the bankruptcy was a total surprise. It's the only time that an airline has filed Ch 11 without planning it for months. They had 2 days to do it. But for Sean Menke, our goose would have been cooked.

What part of the company finances and losses don't you get? It's not like some behind closed doors thing that we are just taking their word for. If it was, the other players wouldn't be falling for it either.

Can't you guys get off this whole "don't fall for it" thing? If not, at least give us some idea about where you think they're hiding the money from the shareholders. Do you guys listen to George Noory?
Reply
Old 06-14-2011 | 03:38 AM
  #65  
Gets Weekends Off
 
Joined: Mar 2008
Posts: 2,919
Likes: 0
Default

Don't really know all the ins and outs of the situation there, but is it possible that BB will grow Frontier while shrinking Republic if the FAPA ends up taking concessions?

(Or it that impossible to do with the current contracts)
Just curious.
Reply
Old 06-14-2011 | 04:13 AM
  #66  
Gets Weekends Off
 
Joined: May 2010
Posts: 298
Likes: 0
Default

Originally Posted by FAULTPUSH
Concessions from FAPA, Airbus, etc. will add $120 million to the bottom line. Given those concessions, the BOD is willing to fund another $70 million to Frontier to keep it going. Absent the concessions, Frontier's losses will exceed the FFD profits. Shareholders care about profits; the BOD answers to the shareholders.

Please give me a rational explanation as to why you think that $190 million won't help.
Your concessions will be worth about $25 million according to BB, oil rising several bucks will erase that instantly. What will you do then? Surrender more?

You have to fix the underlying problem with your airline and that's revenue.
Reply
Old 06-14-2011 | 05:10 AM
  #67  
Gets Weekends Off
 
Joined: Jun 2008
Posts: 227
Likes: 0
Default

Now do you really continue to think that this plan will work?!?!?! Weren't FAPA guys, pluse everyone else, saying in the past that SWA was going to hammer RAH?

Southwest to end AirTran's codesharing with SkyWest on Sept. 6 | Airline Biz Blog | dallasnews.com
Reply
Old 06-14-2011 | 06:09 AM
  #68  
Gets Weekends Off
 
Joined: May 2008
Posts: 879
Likes: 0
Default

Originally Posted by PurdueFlyer
Your concessions will be worth about $25 million according to BB, oil rising several bucks will erase that instantly. What will you do then? Surrender more?

You have to fix the underlying problem with your airline and that's revenue.
Agreed on the last point, but it can't be done overnight.

On the dollar amount - our give is only worth $10-15 million (I forget which). The rest is a non-sequitur.

Originally Posted by DeadHead
Don't really know all the ins and outs of the situation there, but is it possible that BB will grow Frontier while shrinking Republic if the FAPA ends up taking concessions?.
It's conceivable, but has virtually nothing to do with what we're paid. Seat mile costs on E-190's are higher than Airbuses, and even the RAH guys worked for free, that wouldn't change (the total pilot cost is on the order of 0.2 cents per seat mile - the difference between airplanes is measured in whole pennies).
Reply
Old 06-14-2011 | 09:24 AM
  #69  
Gets Weekends Off
 
Joined: Jun 2009
Posts: 1,097
Likes: 0
Default

What shocks me so much is that the F9 guys actually trust Bedford. I truly hope the day doesn't come when we say "we told you so", but if you do vote to take concessions...again...it'll happen sooner than later.

Trust me, I want this circus to work as much as the F9 guys, but just about every possible wrong move is being made by them.
Reply
Old 06-14-2011 | 09:56 AM
  #70  
Gets Weekends Off
 
Joined: May 2008
Posts: 879
Likes: 0
Default

Originally Posted by TillerEnvy
What shocks me so much is that the F9 guys actually trust Bedford. I truly hope the day doesn't come when we say "we told you so", but if you do vote to take concessions...again...it'll happen sooner than later.

Trust me, I want this circus to work as much as the F9 guys, but just about every possible wrong move is being made by them.
I'm so tired of saying this - it's in the financials, and the other participants are "trusting" him too. You're sounding like a broken record.
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
SF340guy
Union Talk
92
06-12-2011 06:30 PM
Spanky189
Major
130
10-14-2009 06:23 AM
av8r4aa
Major
19
01-15-2007 08:51 AM
CO777Driver
Major
32
07-22-2006 09:50 PM
dash trash
Regional
1
02-27-2006 07:50 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices