$100,000,000 in Concessions

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09-16-2025 | 06:01 PM
  #1  
That’s $40,000 per pilot per year. Do we vote on this? How does it work?
Reply 0
09-16-2025 | 06:03 PM
  #2  
Quote: That’s $40,000 per pilot per year. Do we vote on this? How does it work?
if you don’t vote yes the court will throw out your CBA and you’ll be out even more
Reply 0
09-16-2025 | 06:06 PM
  #3  
Quote: if you don’t vote yes the court will throw out your CBA and you’ll be out even more
Absolutely not.

Full pay to the last day, do not bring our industry down because your management made poor decisions.
Reply 24
09-16-2025 | 06:15 PM
  #4  
Quote: That’s $40,000 per pilot per year. Do we vote on this? How does it work?
Probably Franke trying to rollback your pay to Frontier levels before buying.
Reply 1
09-16-2025 | 06:20 PM
  #5  
Quote: Absolutely not.

Full pay to the last day, do not bring our industry down because your management made poor decisions.
What's the pay at Frontier?
Reply 0
09-16-2025 | 06:20 PM
  #6  
Not going to tell someone to Vote Yes or No but we voted in Concessions at XJT and it didn’t matter and why should the NK Pilot group take concessions when management just awarded themselves MILLIONS in bonuses?
Reply 13
09-16-2025 | 06:21 PM
  #7  
I’ll entertain their proposal if they send their bonuses back.
Reply 10
09-16-2025 | 06:22 PM
  #8  
That isn't all going to be from straight pay. That $100 million also includes work rules.

My advice is accept whatever the negotiating committee comes up with. That will be better than whatever the court will impose. It will also be better than liquidating. Those concessions also buy time to stay current in the flight deck until a legacy calls, and keep FOs from returning to the regionals.

A successful restructuring needs the company returning to positive cash flow, and persuading creditors to exchange debt for equity. The more cash flow the company can claw back from rejecting leases, concessions, and cutting unprofitable routes, the more equity available to exchange for that debt. Lower debt, more cash flow, and a smaller Spirit, the lower the barrier and less risk there is for another (successful) airline to acquire Spirit later.
Reply 0
09-16-2025 | 06:24 PM
  #9  
Quote: Not going to tell someone to Vote Yes or No but we voted in Concessions at XJT and it didn’t matter and why should the NK Pilot group take concessions when management just awarded themselves MILLIONS in bonuses?
I don’t think it has ever worked out for pilots in this situation (exception September 11, and maybe Great Recession). Those events weren’t specific to one airline.

I know my vote.
Reply 1
09-16-2025 | 06:33 PM
  #10  
Quote: That isn't all going to be from straight pay. That $100 million also includes work rules.

My advice is accept whatever the negotiating committee comes up with. That will be better than whatever the court will impose. It will also be better than liquidating. Those concessions also buy time to stay current in the flight deck until a legacy calls, and keep FOs from returning to the regionals.

A successful restructuring needs the company returning to positive cash flow, and persuading creditors to exchange debt for equity. The more cash flow the company can claw back from rejecting leases, concessions, and cutting unprofitable routes, the more equity available to exchange for that debt. Lower debt, more cash flow, and a smaller Spirit, the lower the barrier and less risk there is for another (successful) airline to acquire Spirit later.
Funny, mgmt doesn’t seem to care, they got raises
Reply 1
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