Originally Posted by Qotsaautopilot

Have you been through a merger? I have and it was two Alpa groups as well. Last check it's been 6 years and they still don't have a JCBA. No management has to magically give you a contract because of a merger.

Originally Posted by IAJETCAPT

What alpa merger do u speak of...that's correct they don't but they have to operate the groups separately and i personally think in doing so might be to expensive for a ulcc...basically they don't ever have to give us a contract...ever

Originally Posted by Chimpy

You're right. Spirt mgmt doesn't have to give us a contract but in the end, it would cost them too much money not too ...........

Originally Posted by Judge Smails

Here's the transcript of the most interesting part of the call this morning:



Jamie N. Baker - JPMorgan Securities LLC



Okay. And as a followup to that, Bob, I know you want to avoid negotiating in public, but the industry wage bar is rising at a pretty rapid clip for aviators and your cost structure obviously is already quite lean. Is it inevitable that the next pilot contract reduces margins? I mean, when I think about the flexibility that some of your competitors have, they can densify, they can make offsetting revisions to profit sharing, they can add back seats, that kind of stuff. I mean you're already doing all of that stuff. So am I missing something?



Robert L. Fornaro - President, Chief Executive Officer & Class III Director



No, I think, there are again a couple of differences and like I said, in terms of pricing, there are tiers. You have, again, Frontier and Allegiant well below us and that's...



Jamie N. Baker - JPMorgan Securities LLC

Yes.



Robert L. Fornaro - President, Chief Executive Officer & Class III Director



...our peer group, and you move into another bracket, you have JetBlue slightly above us and then you actually have the legacies, and I think there is a context for all this stuff. And in terms of what we offer, we offer fast growth, our pilots become captains much earlier than their peers.



Jamie N. Baker - JPMorgan Securities LLC

Yes.



Robert L. Fornaro - President, Chief Executive Officer & Class III Director



And there is a benefit of that. And so there is a benefit of maintaining a higher growth rate. And that's what we primarily offer. None of the large carriers can get you to that left seat in a couple of years and that's a primary advantage. That's a primary reason or a key reason for coming here and quite frankly the longer we can maintain a higher growth rate that will provide the best benefit to the pilot group. So that's kind of the context that we're thinking about and like I said that's the way we will approach our negotiations.





He's either completely delusional, or feeding the Wall St analysts what they want to hear.

Originally Posted by GangtaMoose

sounds like fornaro is just calling out spirit for exactly what it is. if not then why else would anyone work there. the only thing he gets wrong is that now delta has 2 year captains in new york on the maddog. fornaro came in because baldinga was an overly aggressive organic growth guy and what they really wanted was a merger guy for the frontier hook up.

Originally Posted by Judge Smails

Here's the transcript of the most interesting part of the call this morning:

Jamie N. Baker - JPMorgan Securities LLC

Okay. And as a followup to that, Bob, I know you want to avoid negotiating in public, but the industry wage bar is rising at a pretty rapid clip for aviators and your cost structure obviously is already quite lean. Is it inevitable that the next pilot contract reduces margins? I mean, when I think about the flexibility that some of your competitors have, they can densify, they can make offsetting revisions to profit sharing, they can add back seats, that kind of stuff. I mean you're already doing all of that stuff. So am I missing something?

Robert L. Fornaro - President, Chief Executive Officer & Class III Director

No, I think, there are again a couple of differences and like I said, in terms of pricing, there are tiers. You have, again, Frontier and Allegiant well below us and that's...

Jamie N. Baker - JPMorgan Securities LLC
Yes.

Robert L. Fornaro - President, Chief Executive Officer & Class III Director

...our peer group, and you move into another bracket, you have JetBlue slightly above us and then you actually have the legacies, and I think there is a context for all this stuff. And in terms of what we offer, we offer fast growth, our pilots become captains much earlier than their peers.

Jamie N. Baker - JPMorgan Securities LLC
Yes.

Robert L. Fornaro - President, Chief Executive Officer & Class III Director

And there is a benefit of that. And so there is a benefit of maintaining a higher growth rate. And that's what we primarily offer. None of the large carriers can get you to that left seat in a couple of years and that's a primary advantage. That's a primary reason or a key reason for coming here and quite frankly the longer we can maintain a higher growth rate that will provide the best benefit to the pilot group. So that's kind of the context that we're thinking about and like I said that's the way we will approach our negotiations.


He's either completely delusional, or feeding the Wall St analysts what they want to hear.