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

 

Absolutely not.

Full pay to the last day, do not bring our industry down because your management made poor decisions.

 

Probably Franke trying to rollback your pay to Frontier levels before buying.

 

What's the pay at Frontier?

 

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’ll entertain their proposal if they send their bonuses back.

 

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.

 

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.

 

Funny, mgmt doesn’t seem to care, they got raises