Quote:
Originally Posted by Stayontarget
In some categories yes. Off the top of my head Yr 3 FO is 127 vs 180 at the big 4.
The rates for ALL THREE of the BIG 3 are in the forum (and I think new SWA is floating around too). Not sure how many F9ers don't visit any other page but Frontier but it's not hard to view the new universal rates.
Frontier has a 3 fold problem. First is retention - which, depending on how you look at it - may or may not be a problem in BB's eyes. Second is gates. The same delimma w/ labor - how much is he willing to pay to be able to grow. Besides going back to LAX, just announced new routes from DFW from the same old 2 FT/2PT gates. . . gotta dust off those tarmac delay program cards. Third, and probably the most damaging, is being a public company. That "decision" to try and buy NK wasn't bad but it was just too costly. Now, the company has to suffer low margins (and losses), even more public humiliation than necessary and a MUCH longer wait to be the only ULCC (and still the same size to boot). What coulda been just wasn't meant to be. Plan B is to now just get rid of the stockholders with the consolation of opening at $20/share and buying back at $0.75. HOW much profit is that? Surprised the SEC isn't investigating but I guess it's kinda hard to prove purposeful incompentency.
All of it lines up pretty well I think. Somewhere around late 2025 to summer 2026, the private company will have the leverage to finally sit down w/ the NC and negotiate a contract that is 84% of everyone else (in terms of overall compensation) while convincing most labor groups that the details associated w/ QoL are so much better and is where the rate is made up. All the while, creating an even GREATER retention problem.
And so it continues...