Spirit's Unrealistic Assumptions
 

"On April 19, 2022, members of JetBlue leadership and Spirit’s senior management team, along with representatives from Goldman Sachs, Morgan Stanley and Barclays, held a conference call to discuss various financial due diligence items, including Spirit’s five-year plan, Spirit’s revenue and cost drivers, and Spirit’s order book growth and aircraft financing strategy. During the meeting, JetBlue and Spirit discussed Spirit’s financial projections underpinning the transaction with Frontier included in the Spirit Definitive Proxy Statement, focusing on Spirit’s unrealistic assumptions, especially with respect to costs associated with personnel attrition and wage inflation, which did not contemplate any wage increases for team members, including pilots, at a time of high attrition and an anticipated shortage of pilots."

-- Form PREC14A Spirit Airlines, Inc. Filed by: JETBLUE AIRWAYS CORP

Absolutely unbelievable. Oh wait, absolutely believe it. 2013 hire, 10 years left. App in with UAL since this started.

Absolutely believable. You have been here long enough to know this is Spirit. They didnt want to give us raises last time, they won't this time. They dont want to pay until they have ton pay, its that simple. Did anyone think Ted and Bendo would write a fat check tomorrow because we lost 20 FOs last month?

Ive said it over and over, a battle is coming. Just like the contacts before. If we aren't in one step and motivated, it will take 5 years, no doubt.

so what baseline would you like to start from when JCBA negotiations begin? The F9 pay rates or the B6 pay rates?

For the crime of using the term "team members" in a public setting, your MEC should be recalled and fined.

We shouldn't negotiate in public, but I would say that if your baseline is the above mentioned airlines, you need to raise them.

It was a quote from a filing.

I’m not negotiating in public. Simply asking you a question. Simply going to B6 rates would be seen as a raise by the F9 guys - perhaps an inadequate one but still a raise, while our B6 pilot brethren would likely have higher expectations, and would be more likely to demand a greater improvement, at least in my humble opinion. .

You are so far off base if thats even in your universe of a baseline . Honest question..is this your first time in a section 6 contract negotiation? There is a way to go about it, and using the airline that makes less than you and the airline that makes a little more than you as any baseline, isnt the way. Just as F9 would not use NK this time around as any baseline if/when they go into section 6, absent of a JCBA.

Our MEC/NC will NOT be going in with F9 or JBlu as any baseline when it comes to a starting baseline for wages. Baseline will be UALs new rates, and probably AA and DAL new rates, thats the baseline for A320 pilots as of 2022. The company can argue why that isnt the baseline to any NMB mediator, not us.

Ahhh..well in that case, out of an abundance of caution, i'm gonna s.t.f.u.