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Cost Neutral, not even breaking a sweat.


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Cost Neutral, not even breaking a sweat.

Old 02-06-2018 | 05:36 AM
  #21  
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Default Cost Neutral, not even breaking a sweat.

Don’t sell yourself short on the pay. Still below where we should be in this TA. You honestly think they would say anything negative about this TA? Don’t drink all the Kool-Aid. When they repeatedly say “the company won’t do that” or “the company shouldn’t do that “ or recommend we call in fatigue if we don’t want to sit airport ready reserve; I can not vote yes for something I will have blind faith in, sorry. But I appreciate your write up and perspective on what they sold you on at the meeting.


To each their own. Myself, I know I deserve more than what the TA offers on the pay alone. You say industry standard? Show me!

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Old 02-06-2018 | 05:42 AM
  #22  
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Originally Posted by Stan Spadowski
Don’t sell yourself short on the pay. Still below where we should be in this TA. You honestly think they would say anything negative about this TA? Don’t drink all the Kool-Aid. When they repeatedly say “the company won’t do that” or “the company shouldn’t do that “ or recommend we call in fatigue if we don’t want to sit airport ready reserve; I can not vote yes for something I will have blind faith in, sorry. But I appreciate your write up and perspective on what they sold you on at the meeting.


To each their own. Myself, I know I deserve more than what the TA offers on the pay alone. You say industry standard? Show me!

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1) There is no such thing as a perfect contract.
2) There is no such thing as a perfect contract.
3) There is no such thing as a perfect contract.
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Old 02-06-2018 | 05:47 AM
  #23  
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Originally Posted by otter1
Everyone who believes this TA is cost neutral is wrong. At the roadshow the union had ALPA lawyers and financial analysts, charts, graphs, and facts. Basically this TA will cost 49% more than the last one. Spirit profitability will go down 35%. These numbers come from ALPA, not the company.

I was on the fence until the roadshow. The fears I'm reading are way overblown. The gains here are substantial.

Really the main thing I was disappointed in was the fact that Reserves post PBS will be unable to drop. A definite negative since your schedule will be locked in when you get it, absent a MFV usage once every 12 months.

But as a whole there are so many more positives. Gains in scope, pay, LTD, a DC plan, and an industry standard 12 year scale are all significant.

Just go to a roadshow. That's the best advice I can give anyone, as you can ask any tough question and get it answered.


Would you say it calmed down the guys with pitchforks? What was the feeling of the room, did it feel like the message boards or is everyone pretty open?


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Old 02-06-2018 | 05:51 AM
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Originally Posted by otter1
Everyone who believes this TA is cost neutral is wrong. At the roadshow the union had ALPA lawyers and financial analysts, charts, graphs, and facts. Basically this TA will cost 49% more than the last one. Spirit profitability will go down 35%. These numbers come from ALPA, not the company.

I was on the fence until the roadshow. The fears I'm reading are way overblown. The gains here are substantial.

Really the main thing I was disappointed in was the fact that Reserves post PBS will be unable to drop. A definite negative since your schedule will be locked in when you get it, absent a MFV usage once every 12 months.

But as a whole there are so many more positives. Gains in scope, pay, LTD, a DC plan, and an industry standard 12 year scale are all significant.

Just go to a roadshow. That's the best advice I can give anyone, as you can ask any tough question and get it answered.
We're giving away FAR more in 25 than what this pay scale warrants. Most are fine with the scale OR the rules, but NOT BOTH.

Form 8-k

“For the full year 2017, our team delivered an adjusted CASM ex-fuel of 5.51 cent s, up 1.1 percent year over year. This was an admirable performance considering the hurricanes and other disruptions this year,” said Ted Christie, Spirit’s President and Chief Financial Officer. “Should the tentative agreement with our pilots be ratified, we will gain tools that will allow us to further improve our operational reliability and drive efficiencies, which gives us confidence that we will be able to maintain or grow our relative cost advantage.”

What's does "maintain" mean?
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Old 02-06-2018 | 05:53 AM
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Cost neutral?


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Old 02-06-2018 | 05:55 AM
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Originally Posted by NKSpilot
1) There is no such thing as a perfect contract.
2) There is no such thing as a perfect contract.
3) There is no such thing as a perfect contract.


Thanks for the reminder. I thought there was! JK
But buying something on its first pass is risky. Just like tech, skip the first generation products, always full of bugs


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Old 02-06-2018 | 06:10 AM
  #27  
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Originally Posted by putzin
We're giving away FAR more in 25 than what this pay scale warrants. Most are fine with the scale OR the rules, but NOT BOTH.

Form 8-k

“For the full year 2017, our team delivered an adjusted CASM ex-fuel of 5.51 cent s, up 1.1 percent year over year. This was an admirable performance considering the hurricanes and other disruptions this year,” said Ted Christie, Spirit’s President and Chief Financial Officer. “Should the tentative agreement with our pilots be ratified, we will gain tools that will allow us to further improve our operational reliability and drive efficiencies, which gives us confidence that we will be able to maintain or grow our relative cost advantage.”

What's does "maintain" mean?
The key to that statement is the word relative. Legacy CASM is going up as well, ours would likely parallel that move going forward, albeit at a lower baseline. If the TA is voted down, our cost advantage would likely increase.
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Old 02-06-2018 | 06:15 AM
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Originally Posted by illtake2
Would you say it calmed down the guys with pitchforks? What was the feeling of the room, did it feel like the message boards or is everyone pretty open?


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The first 2 hours were the presentation, so there were no questions. After a short break, the remainder of the time was questions. There were several guys who were definitely concerned with the rescheduling language, and made sure all of their questions were heard and answered. Certainly some pretty strong opinions, but still respectful, and it did change a lot of people's minds. It never got really heated. The MEC, NC and ALPA people were all very knowledgeable. Definitely worth it.

Again, everyone should go to a roadshow!
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Old 02-06-2018 | 06:18 AM
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Originally Posted by otter1
The first 2 hours were the presentation, so there were no questions. After a short break, the remainder of the time was questions. There were several guys who were definitely concerned with the rescheduling language, and made sure all of their questions were heard and answered. Certainly some pretty strong opinions, but still respectful, and it did change a lot of people's minds. It never got really heated. The MEC, NC and ALPA people were all very knowledgeable. Definitely worth it.

Again, everyone should go to a roadshow!
That's good to hear! Nothing is ever solved when people are yelling and screaming.

I look forward to the show.
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Old 02-06-2018 | 06:24 AM
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Originally Posted by Stan Spadowski
Thanks for the reminder. I thought there was! JK
But buying something on its first pass is risky. Just like tech, skip the first generation products, always full of bugs


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Yeah, because after 3 years THIS is the first pass. GMAFB!
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