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Old 06-27-2022 | 09:03 AM
  #1601  
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Originally Posted by JulesWinfield
Thanks. Next time I fly with someone who says we shouldn’t push for a max pay contract, I’ll give them these numbers. Synergies!
Lol. My wife, who isn’t a pilot and has never had to worry about what she was paid, pointed out the double standard after reading some of this.

Gonna complain about our pay rates and demand the max. Yet criticize another for pursuing the best possible financial outcome for their career prospects.

I wonder what those humble little folks cleaning our rooms everyday, think about our desires for pay. It’s all relative.
Old 06-27-2022 | 09:46 AM
  #1602  
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Originally Posted by afterburn81
Lol. My wife, who isn’t a pilot and has never had to worry about what she was paid, pointed out the double standard after reading some of this.

Gonna complain about our pay rates and demand the max. Yet criticize another for pursuing the best possible financial outcome for their career prospects.

I wonder what those humble little folks cleaning our rooms everyday, think about our desires for pay. It’s all relative.
Not a double standard. Just a CEO leading by example. Expect us to do the same. If it’s ok for our “leader” to look out for number one, then it’s ok for us to do the same. Let the games begin.
Old 06-27-2022 | 09:48 AM
  #1603  
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Originally Posted by Excargodog
if that were TRULY the case, I think B6 WOULD up the ante. They did that with Virgin America, forcing AS to raise the price (for an airline AS really just wanted to go away) to far above what would have been a reasonable price. No reason to believe they wouldn’t try to cripple a competitor the same way.

look at all the money B6 has already cost F9 by their competing bid. Best case for B6 may be that the vote just barely fails, forcing F9 to dig even deeper into their own pockets.
It only cost F9 220 million more than their initial offer. Not exactly back breaking money. If you want to count the 350m breakup fee than 570 million. But we both know that money almost certainly doesn’t matter for either party.
Old 06-27-2022 | 09:57 AM
  #1604  
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its obvious to everyone that F9 lost the June 10th vote right? Why else would they have delayed it?

I wonder how many people who voted against F9 also opted to tender their shares.
Old 06-27-2022 | 10:02 AM
  #1605  
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Originally Posted by Stayontarget
It only cost F9 220 million more than their initial offer. Not exactly back breaking money. If you want to count the 350m breakup fee than 570 million. But we both know that money almost certainly doesn’t matter for either party.
Indigo IPO'd Spirit and made a few billion dollars.

Indigo owns 85% of Frontier. It is Indigo buying back Spirit for almost zero cash. Deal of a lifetime.

I'm going to go crosseyed listening to what Frontier stock might be worth in three years because it might be worth $5 if there is a recession. Money is not static. It can be reinvested.

The offer from Frontier is worth less than todays Spirit stock price. IOW...... It would be more valuable to a current owner to cash out today and buy back in later as this continues to crash. Indigo will be getting SAVE for less than todays value. Let that sink in.
Old 06-27-2022 | 10:02 AM
  #1606  
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Originally Posted by afterburn81
Lol. My wife, who isn’t a pilot and has never had to worry about what she was paid, pointed out the double standard after reading some of this.

Gonna complain about our pay rates and demand the max. Yet criticize another for pursuing the best possible financial outcome for their career prospects.

I wonder what those humble little folks cleaning our rooms everyday, think about our desires for pay. It’s all relative.
Except for the fact a CEO has a moral obligation and legal responsibility to act on behalf of their employees and shareholders. So forcing a deal with a $12m payout and calling it “relative,” is far from accurate
Old 06-27-2022 | 10:04 AM
  #1607  
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Looks like this is going the F9 route, good luck to all.
Old 06-27-2022 | 10:07 AM
  #1608  
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Yep this is going to be an L for about 90 percent of our pilots. Congrats to those that wanted F9
Old 06-27-2022 | 10:13 AM
  #1609  
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Originally Posted by CAirBear
100% For sure. But rest assured Blue is definitely not done. I can’t guarantee it goes their way, but they aren’t dumb. They aren’t going to willingly go 0-2 on acquisitions. They absolutely have had to know that something was, more than likely, coming from Frankie.

Well know this week, but I’d be absolutely shocked if there is radio silence.

I don't know. The Spirit board is not going to go Jetblue. It's up to the shareholders. The smart play by Jetblue is to up the offer a few bucks Wednesday as the value of the Frontier deal continues to collapse, as I believe it will. Let the shareholders vote for/against the Frontier deal. Currently $33.50 vs $22.50. Make it $35 vs $21 on voting day and who knows.
Old 06-27-2022 | 10:27 AM
  #1610  
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Originally Posted by keysersose
Indigo IPO'd Spirit and made a few billion dollars.

Indigo owns 85% of Frontier. It is Indigo buying back Spirit for almost zero cash. Deal of a lifetime.

I'm going to go crosseyed listening to what Frontier stock might be worth in three years because it might be worth $5 if there is a recession. Money is not static. It can be reinvested.

The offer from Frontier is worth less than todays Spirit stock price. IOW...... It would be more valuable to a current owner to cash out today and buy back in later as this continues to crash. Indigo will be getting SAVE for less than todays value. Let that sink in.
Oh it’s sank in alright. If F9/Indigo wins they will look like geniuses for the second time on 10 years.
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