The JCBA has a backstop of binding arbitration, does it not? You may not get to cast your no vote.

 

Spirit hasn’t posted a profit since Covid yet, and Frontier airlines barely posted a profit.

are we really expecting some kind of substantial gains??? I mean let’s hope so but I don’t know if we get too far ahead of ourselves

 

What I’m worth is exclusive of how they decide to run the rest of their business to make profits. They don’t ask the gas man to pay less to make profits happen. They pay for the fuel whatever the cost so the airplanes continue to move. Same for us IMO

 

Okay, but where are they going to get the money to pay you what your worth? If they themselves aren’t turning a profit or barely

 

Name an airline that went bankrupt due to pilot salaries?

 

https://www.google.com/amp/s/amp.the...ptcy-cut-costs

good read. Although I must admit I hate the Guardian.

 

You realize cutting (or not increasing) pilot salaries doesn’t put us back in the black right?

We are a variable cost, and while yes we are an expensive cost, we are certainly not what is standing in the way of profitability. The more we flights we operate, the more money they make.

Also, Spirit turning massive profits is not the goal, we have a high plow back ratio, which means we put a lot of money back into the company to fuel growth rather than pay shareholders dividends. As long as our bills are paid and we have some operating cash on hand, we don’t expect to turn a massive profit as it all goes towards driving growth.

If we can’t make our obligations, we would have to take on more and more debt, which some airlines did to cover operational expenses. We used cheap govt money which was smart, but we didn’t get over burdened like AA.

Obviously these are very broad strokes, but the point is anyone who tries to rationalize low contract expectations on the belief that Spirit can’t afford to pay us is misinformed.

 

Did you actually read the article? They filed BK right after making a $38B aircraft order. The article even stated it was a targeted attempt to void labor contracts….what it did NOT say is that labor contracts caused the BK.

 

So they’re not going to increase costs without passing it on the the consumer. The math that leads to a $50/hr increase per seat results in an unnoticeable price increase for the passengers. And everyone is about to do it.

 

You would think that the small increase in CASM for a competitive pilot pay scale pales in comparison to the drop in RASM for cancellations and underutilization of new aircraft deliveries.