Spirit of NKS
#8821
Gets Weekends Off
Joined APC: Dec 2009
Position: Airplane
Posts: 2,385
Well, if you go by BBB's own words, "We're 1% of the traffic today. If we triple the size of the airline as we plan to do, we'll be 3% of the traffic. You tell me what percent of the traveling public cares about price above all else. I think it's a lot more than 3%. I don't know if it's 50%, 40%, maybe it's 80%. But it's way more than 3%. We have no demand problem when we have the lowest price." -WSJ
Will we grow to be more than 3% of the traffic in the US by the time our next contract is amendable? I certainly think so. Look at Ryanair and how much traffic they've got in Europe.
"RyanAir, EasyJet and other low-cost carriers make up nearly 20 percent of air traffic in Europe. Spirit, Frontier, and Allegiant Air only make up around 4 percent of total air traffic in the U.S., but it's certainly growing." - WSBTV
Will we grow to be more than 3% of the traffic in the US by the time our next contract is amendable? I certainly think so. Look at Ryanair and how much traffic they've got in Europe.
"RyanAir, EasyJet and other low-cost carriers make up nearly 20 percent of air traffic in Europe. Spirit, Frontier, and Allegiant Air only make up around 4 percent of total air traffic in the U.S., but it's certainly growing." - WSBTV
#8822
Well, if you go by BBB's own words, "We're 1% of the traffic today. If we triple the size of the airline as we plan to do, we'll be 3% of the traffic. You tell me what percent of the traveling public cares about price above all else. I think it's a lot more than 3%. I don't know if it's 50%, 40%, maybe it's 80%. But it's way more than 3%. We have no demand problem when we have the lowest price." -WSJ
Will we grow to be more than 3% of the traffic in the US by the time our next contract is amendable? I certainly think so. Look at Ryanair and how much traffic they've got in Europe.
"RyanAir, EasyJet and other low-cost carriers make up nearly 20 percent of air traffic in Europe. Spirit, Frontier, and Allegiant Air only make up around 4 percent of total air traffic in the U.S., but it's certainly growing." - WSBTV
Will we grow to be more than 3% of the traffic in the US by the time our next contract is amendable? I certainly think so. Look at Ryanair and how much traffic they've got in Europe.
"RyanAir, EasyJet and other low-cost carriers make up nearly 20 percent of air traffic in Europe. Spirit, Frontier, and Allegiant Air only make up around 4 percent of total air traffic in the U.S., but it's certainly growing." - WSBTV
#8823
Gets Weekends Off
Joined APC: Dec 2009
Position: Airplane
Posts: 2,385
The IPO argument, well, the argument against an IPO is damning for those who negotiated the last contract. The simple fact they didn't understand the IPO process says they know little of corporate economics.
I'm not relying on anybody, BUT the pilot group to tell the negotiators what to negotiate. What they bring to the pilot group is what we'll vote on. BUT, no one here is going to fall for the "this is the best we can get argument, better vote for it" again. Especially not in this current economic climate.
#8824
Gets Weekends Off
Joined APC: Dec 2005
Posts: 8,898
To be fair, you do get conflict bidding / line schedules. Every other major airline has switched to PBS and don't get to score on the month-month transition conflicts and vacation conflicts. That's one big thing you have that others don't.
#8825
Banned
Joined APC: Jan 2006
Position: A-320
Posts: 6,929
The past three months the guy one number senior to me has bid the line that I bid/needed to get transition conflicts. It's not easy to bid one every month consecutively
#8827
Gets Weekends Off
Joined APC: Dec 2005
Posts: 8,898
Well, anything can change....but with Spirit posting 21% margins and VA posting margins of 12% And with Spirit posting a CASM of 5.92 cents vs VA 10.98 cents (with the same RASM)....I wouldnt be so quick to assume anything.
Looking at a stock and saying "one only has to add $30 to double and the other needs $76, so the $30 must be easier, isnt accurate."
Looking at a stock and saying "one only has to add $30 to double and the other needs $76, so the $30 must be easier, isnt accurate."
#8828
True, but there is no airline stock at over $100. You can't compare your costs/revenue metrics because the model is entirely different. 178 seats versus 146-149 for a given A320. Different brand and different strategy. Stock pre IPO was 23 and today is almost 40. Don't know why or what's going on for that. I'm kicking myself for selling it at 30.
#8829
True, but there is no airline stock at over $100. You can't compare your costs/revenue metrics because the model is entirely different. 178 seats versus 146-149 for a given A320. Different brand and different strategy. Stock pre IPO was 23 and today is almost 40. Don't know why or what's going on for that. I'm kicking myself for selling it at 30.
#8830
Gets Weekends Off
Joined APC: Dec 2009
Position: Airplane
Posts: 2,385
This, plus some other metrics! Actual stock price is NOT an indication of the worth of a stock AND stock price is not and indication of the performance or value of a company. Plenty of great companies have stocks that are dogs and vice versa.
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