We got an AIP!
01-24-2018 | 04:44 PM
#814
Line Holder
Joined: Apr 2009
Posts: 95
Likes: 0
From: 320 Left
BRIEF-Spirit Airlines sees 'pretty big' tax deferral following tax overhaul
Reuters Staff
1 MIN READ
Jan 23 (Reuters) - Spirit Airlines Inc:
* SPIRIT AIRLINES TREASURER SAYS WOULD WANT TO SECURE AGREEMENT WITH PILOTS BEFORE CONFIRMING A NEW PLANE ORDER
* SPIRIT AIRLINES TREASURER SAYS THE TAX REFORM IS A ‘BIG DEAL’ FOR THE AIRLINE; HAS A PRETTY BIG TAX DEFERRAL LIABILITY
* SPIRIT AIRLINES TREASURER SAYS IF RIGHT OPPORTUNITY THERE SPIRIT WILL ALWAYS LOOK AT CONSOLIDATION OPPORTUNITIES Source text for Eikon: Further company coverage: (Reporting By Conor Humphries)
Reuters Staff
1 MIN READ
Jan 23 (Reuters) - Spirit Airlines Inc:
* SPIRIT AIRLINES TREASURER SAYS WOULD WANT TO SECURE AGREEMENT WITH PILOTS BEFORE CONFIRMING A NEW PLANE ORDER
* SPIRIT AIRLINES TREASURER SAYS THE TAX REFORM IS A ‘BIG DEAL’ FOR THE AIRLINE; HAS A PRETTY BIG TAX DEFERRAL LIABILITY
* SPIRIT AIRLINES TREASURER SAYS IF RIGHT OPPORTUNITY THERE SPIRIT WILL ALWAYS LOOK AT CONSOLIDATION OPPORTUNITIES Source text for Eikon: Further company coverage: (Reporting By Conor Humphries)
Oh what to do, what to do...
01-24-2018 | 06:12 PM
#818
Line Holder
Joined: Jan 2015
Posts: 467
Likes: 70
Those senior enough to get solid TXs don't get stuck with 12-13 days off under the current system unless it's by choice or a training month (thanks to the home study LOA). Under PBS, with 4 days off, with no improvement in the required number of days off, this COULD happen. That's why the company wants it so badly, to improve crew utilization (IOW, you work more). Will the 4 days off apply between months? Will we retain the minimum of 1 calendar day in 7 free from duty IN BASE? Will the company have the flexibility to send me wherever they want for 4 days after I check in for a trip due to their definition of IROPs? What's efficient for me isn't necessarily efficient for the company, nor do they have any interest in building efficient schedules for us. They only have to build to the MINIMUMS set forth by the CBA. I will reserve judgment until I see the full language, I'm just pointing out some potential pitfalls. I like to work around my life, not live around my work.
01-24-2018 | 06:28 PM
#819
Line Holder
Joined: Jan 2018
Posts: 60
Likes: 0
I read conflicting issues for us here. On one hand, the tax break windfall says we should wait out this TA for one with improved rates, retro, DC and PS. Not to mention they are waiting on us for confirming (not negotiating) a new order. On the other, consolidation is a consideration.
Oh what to do, what to do...
Oh what to do, what to do...
Pride comes before the fall....
Pick your saying, they are both true. Leaving yourself open and vulnerable for a merger, codeshare, career ending illness, unspecified amount of time on ice with the NMB, downturn in the economy, terror attack, and the list goes on.
All realities that we might see
In the end, I think all this chatter is mainly moot anyways. Short of this TA being filled with horror, it will pass by 80%. Only question is what will the percentage be on the stickers for the "no voters" to place on their overnight bag. Im guessing "Im a 20%'er"
I for one will be very happy to put this crap behind us once and for all soon enough
Thread
Thread Starter
Forum
Replies
Last Post
