Is there any timeframe associated with this? I'm a B6 guy and fully assume we will furlough after our agreement date allows management to do so. A stay of execution is a good thing, but the execution is still likely IMO.

All we have is an agreement that the calculated savings from voluntary incentive lines (50 hour lines) are enough to stop the furloughs that were scheduled for October.

That’s good, but I don’t see anything that says they can’t furlough in November. They didn’t agree not to furlough for X period of time. Am I missing something?

This is correct, the union guy I talked to seemed to hint that we are safe until the EILs have run their course as long as things don’t get much worse.

The company believes we will all be back for next summer and has planned that way. Obviously, if things don't improve by then or get much worse it can all change. While not specifically written, it is heavily believed/implied that we are covered through May.

You know what happens when you assume...

In all seriousness since the additional mitigation with rsv drops and changing the bidding timeline Id expect them not to furlough as long as those measures are in place, which is May.

EILs protected the first wave and the additional mitigation terms are in place til May so I’d expect that, or else we will be looking for our $1.3mil per month for the bidding delay

it doesn’t explicitly say it, but in the other terms it keeps talking about through May 2021. (Which is also when the other EIL will finish running their course).

Furloughs come November 01. You all have been had!

Did we ever figure out if any FA’s are getting furloughed? I know we got that email from Ted but it wasn’t kinda clear.

do you even what’s app?

No FA furloughs either from what I've been told? Correct me if I'm wrong but its just corporate that's getting hit by the furloughs at this point.

It could certainly go either way. If I was on the bottom 1/3 of the list I’d certainly be prepared for the worst come Spring.

Negative sir

Well, I guess the ridiculously sloped Spirit payscale finally has an advantage.

Haha


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^^^^^^🤣^^^^^

Ohhhhhh, snap!

it was even worse with the old contract

How many pilots took VIL/EIL’s and pig what duration?

1300ish EILs (too lazy to look up exact number). Ranging from 3-6-8 months. Every single one offered was taken except 1 3 month ACY CA EIL.

No Furloughs
 

565 VILs for October. For the extended leaves, which were 3/6/8 month options, they offered 750 leaves or ~28% of the pilot group. I think all of them but one were taken. So in total 1314 leaves of varying lengths were taken out of 2597 pilots.

Not sure how we “have been had” when we didn’t give anything up and in fact gained the ability to drop reserve days and have guys getting paid $$$ to not work...but yes, that would be unfortunate for us if there is a furlough come November 01.

we gave up our bidding timeline which took negotiating capital during section 6 for the PBS LOA. It’s temporary but it’s worth about $1200/mo to each of us based on the precedent set this past April. That’s a private school non virtual education for one child until next summer so it was a concession.

The agreement was fair and I’m extremely happy we could make it happen but saying we gave up nothing devalues the work done and every line of the contract spirit made us fight for.

Again, glad to see the team effort put forth by the company here. First time in my career I’ve seen this level of cooperation.

Which worries me a little to be honest.

It may be semantics, but the term “gave up” was used by both of you.

He was right in that we did not concede anything, rather traded the timeline for a finite time period.

You were correct in that there is a precedent dollar amount associated with the delayed timeline.

I think you’ll find common ground in saying that while there are no permanent concessions, every pilot here was willing to forego compensation for timeline relief to help mitigate furloughs.

I may be off base on this, but here is my understanding of the payment for delay for the May bid period. When the poo hit the fan in April, they dropped the entire month of April. They know that the pairings built for May had to be reworked and schedule dropped to a more realistic level. It saved Spirit about 6 million to rebuild the May schedules. They were also able to agree on the VIL proposal for May as a result of that delay in bidding. The pilot group was given about half of the money saved, or 1200 per pilot. I’d look at that instance as a gift, not an expectation. Spirit is showing more effort to help us out with furlough mitigation, we should help them by remaining as nimble for change as possible.

May or April I cannot remember. Nothing is a gift it’s compensation for a contract violation which it was.

Yes no permanent concessions but we did make concessions to save jobs and yes we all agree it was a fair deal as long as they stick to it. Happy it happened.

Well, I've had a similar thought...

One of three things will happen to NK...we continue as an going concern, we are merged or we fail.

If we continue as a going concern, well, all to the good.

If we are merged, then all of us being on the property strengthens our merger seniority list integration, vis a vis a carrier with furloughed pilots.

If we fail, its all academic.

I also saw the one time payment of $1,200 as more of an appeasement, or a "thanks for your help" than a concession.

As for pushing back the bidding timeline, I have no problem with this. In fact, I'm one off the few that dislikes bidding so early in the month. Often I have no idea of next months plans so early and end up bidding blind and then having to plan next month around work.

I’m the opposite, would like to know my schedule so I can confirm plans. My perfect world would be 2 month long bid periods except November and December. Especially now that transition is gone...

well maybe they will tell us in the townhall tomorrow if we are going to merge or go bust. Bust seriously does anyone know what tomorrow’s townhall is about and who this important guest speaker? More importantly, should we be wearing our black and yellow while listening in?

That’s what makes me laugh; people who think these town halls will have info like pending mergers and cash burn. The company can’t legally release this info on these calls, yet people think if they ask enough about current cash burn, Ted will give it up. Ever wonder why our stated cash burn is the same as it was during the Q2 earnings call, because they can’t update it to us.

Well I can tell you it wasn’t a good will payment. Have you ever know them to just give us money as a thank you. It was negotiated for a contract violation.

like it or not the bidding timeline was negotiated for in our contract. Remember we used to get our schedules later before PBS.

Its all good though, the result today is something we all agree was a good thing so potato potato.

Well the town hall was uplifting for the first time in a while. T seemed to readily state that the company wasn’t expecting to make further reductions of workforce, besides the ones that have already been announced (HQ), or mitigated. Of course they’re still in “losing money/survival mode”, but sure was a lot more talk about coming out of COVID ready to throw some punches.God knows we have the cost structure and liquidity to do so. Fingers crossed for a better 2021:D

Who would have guessed the $9 Fare Club would get them $850mil in bonds?!

Its interesting because previously they mentioned possibly having to use that (loyalty program) as leverage to help secure the government asset back loan of around $750mil...So I wonder if they no longer need the loyalty program to qualify for the full nut and then used the loyalty program to secure more funds..smart move.

I didn’t listen but how much money are we still losing?


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“3 mil a day”

But anyone who thinks they are getting accurate numbers on that.....

The calls are so bad when they are company wide. No questions of substance make their way through, instead it’s “Ted you’re the best CEO,”
“When will we serve Hawaii”
“When will we serve Canada”

Company is dealing with the pandemic and raising capital to survive and people are asking about service to Hawaii.

Did they happen to mention starting service to China soon? I hear it’s lovely this time of year.

With the amount of dumb questions coming through...Im surprised nobody asked.

Thankfully your question about "Ted, will you be on Undercover Boss" didnt make it

Um, it did.