Spirit of NKS, Part II
#9501
Line Holder
Joined: Feb 2007
Posts: 1,445
Likes: 1
From: Airplanes
Team green, fly the contract, and properly pre-flight your aircraft.
#9502
A friend of mine from Canada said the entire world is watching our contract situation. He seemed very displeased with our lack of progress.
#9503
Guys be sure to pick up as many jr mans as possible netween now and contract time. That'll really show the company that we are a unified pilot group
Sent from my iPhone using Tapatalk
Sent from my iPhone using Tapatalk
#9504
Line Holder
Joined: Feb 2007
Posts: 1,445
Likes: 1
From: Airplanes
Pick up all the JM that you can but make the company RLS an equal number of days. You make more money, they company has the same number of open days down the line, and the next guy makes more coin too. Be smart and be firm. The war has begun. Make them pay.
#9505
Line Holder
Joined: Jan 2016
Posts: 35
Likes: 0
From: Da Bus
Totally disagree with you. Investors will care greatly about this, but not sure it will make a huge difference until Wall Street analysts take note and lower share price projections. Once that happens, there will be pressure from the hedge funds and investors that own 98% of the stock.
#9506
I like that article, we just need to continue doing public events to remind everyone what we are trying to achieve. I personally know of one guy, FO leaving for DAL. I also know of another that got hired here and will interview somewhere much better before his class date at Spirit starts. We lose one on the list and one not even on property yet. So, if Spirit continues to delay, fine. It only drives my ask up as other airlines continue to get better contracts and LOA's. Things that would attract new pilots cause eventually there won't be anyone left to invite for an interview. IMO
Sent from my iPhone using Tapatalk
Sent from my iPhone using Tapatalk
We also have a fellow APC'r Instructor CA who has UAL & DAL Interviews. I really dont care if Bendo notices but eventually they will because the retirements at the Legacies really havent even begun to spool up.
Here is the Investopedia Article (FWIW)
After almost two years of contract negotiations, 100 Spirit Airlines Inc (SAVE) pilots picketed at Dallas/Fort Worth Airport this past Tuesday.
Spirit pilots have been without a contract since August 2015 and have been negotiating since January 2015. The previous contract was negotiated in 2010 before the airline had reached its current size. At that time, Spirit employed 400 pilots and was a relatively small airline in the industry. Today, the union argues that Spirit is the most profitable and fast-growing airline in America and that its 1,500 pilots earn half of what their peers earn at other airlines.
(related: How are Discount Airlines so Cheap?)
In July, Spirit’s pilots requested mediation from the National Mediation Board (NMB) to increase the speed of negotiations. The pilots claim Spirit’s management has been avoiding scheduling meetings in December because of unavailability. The last contract negotiations in 2010 also involved the NMB. After two years of mediation and almost four years without a labor contract, pilots staged a lawful strike in mid-June. Five days later the two sides reached an agreement, which was then ratified in August.
While the effects of a five day strike by a group of 400 pilots might have been minimal at the time, the effects of a similar strike today could be disastrous for Spirit. In 2015, the company launched 40 new routes, added 14 new planes and created 600 new jobs. The airline also boosted its operating income by 33% and its EPS by 36%. This is no longer the small carrier it was in 2010. Objectively speaking, Spirit might not have a lot of negotiating ground to stand on. If the union’s claims are true and pilots are earning less than half of industry standard, the already tight employment market for pilots will see that Spirit is unable to hire new pilots and continue to grow its airline at the rate to which shareholders have become accustomed.
Read more: Spirit Pilots Picket in Dallas-Fort Worth (SAVE) | Investopedia http://www.investopedia.com/news/spi...#ixzz4N0bfheYm
Follow us: Investopedia on Facebook
#9507
Hahah that's such flawed thinking. They offer jrm in a pinch but picking t up you helped them avoid a cancellation.
Jrm's are nothing more than self serving money grabs despite hurting our progress. Period.
Sent from my iPhone using Tapatalk
#9508
Interesting little quip. Here is JP Morgans thoughts on DELTAS TA. Wall St is upset so it must be great
From JP Morgan: Profit sharing for pilots stays the same: "Pilot terms appear heavily skewed towards aviators – We generally believe sell-side analysts should tread cautiously when assessing the merits of tentative agreements, given that widespread dissemination of research could, in theory, influence the ratification process. But we see little risk in opining when contract terms are uniquely skewed in labor’s favour (as is our interpretation of the Southwest agreement-in-principle) and therefore highly likely to be approved by the rank and file. Such is the case with Delta, in our view. Details are still emerging, but it appears management has proposed an 18% snap-up upon ratification, followed by a near-immediate 3% raise next January, and further 3-4% annual steps thereafter. Additionally, management appears to have capitulated on its earlier goal to align pilot profit sharing with that of other employees, where levels are predicated not simply on absolute earnings but also earnings growth (a formula we view as much more aligned with shareholder interests)."
From JP Morgan: Profit sharing for pilots stays the same: "Pilot terms appear heavily skewed towards aviators – We generally believe sell-side analysts should tread cautiously when assessing the merits of tentative agreements, given that widespread dissemination of research could, in theory, influence the ratification process. But we see little risk in opining when contract terms are uniquely skewed in labor’s favour (as is our interpretation of the Southwest agreement-in-principle) and therefore highly likely to be approved by the rank and file. Such is the case with Delta, in our view. Details are still emerging, but it appears management has proposed an 18% snap-up upon ratification, followed by a near-immediate 3% raise next January, and further 3-4% annual steps thereafter. Additionally, management appears to have capitulated on its earlier goal to align pilot profit sharing with that of other employees, where levels are predicated not simply on absolute earnings but also earnings growth (a formula we view as much more aligned with shareholder interests)."
#9509
Line Holder
Joined: Feb 2007
Posts: 356
Likes: 1
Weren't we supposed to get paid for that this check if we finished it last month?
Thread
Thread Starter
Forum
Replies
Last Post
downinthegroove
Regional
2
06-03-2008 05:55 PM



