Blueskies67

Spirit’s last meeting session with the NMB in 2010 was first week of April they were released the next month. Hawaiin never had a chance to get released because of their domination of the inter-island flying market. So everything stated doesn’t have much releavace to us.

MtnPeakCruiser

IIRC, that info on Spirit is incorrect. They did not have 2 years of mediation prior to a TA. I’m not sure when they requested for the NMB to proffer arbitration.

It should look more like this:
Spirit 2010 CBA
- 2 years(ish) in negotiations
- Entered mediation in September 2009
- Released into 30-day cooling off period April 2010
- Self-help in May 2010

ReserveCA

If I HAD to place a bet..... it would be September....
No way we get released during the summer....hope I’m wrong!

Nacho Libre

Thanks for the history lesson. I really appreciate the information and feel that your information is correct.
I will speak to the fact that this is 2018 and market forces are in full swing now, looking at the hiring numbers right now and the timing of the SCHEDULED aircraft deliveries it is my opinion that the company is probably going to need to get this contract done before that 8 months is up. The probability of being released is, again in my opinion, actually good as our negotiators and pilots have played the game well while the company has actually blatantly stalled too much and has negotiated in bad faith. The NMB has stated, if I can remember correctly, three times that they would be done mediating by xyz date. So that also is playing to the opinion this will be wrapped up sooner rather than later.
Like the comment above, plan for status quo and if it finishes up here soon that’ll be a bonus.

Mooneyguy

A very interesting morning on Wall Street. Jet blue is down and one reason was that analyst from JP Morgan lowered them to a Nuetral. They also lowered their stock price target from 26$ to 22$.
The primary cause for this (per the analyst) is JB managements lack of progress in talks with the pilots union.
While Spirit was moved up two places
in the valuation and stock price is up 1.44%. The primary two reasons for increased valuation by the analyst was the price inscrease and the signing of a new contract with the pilots union.
This is interesting because typically keeping cost down (employee pay is a cost) keeps the market happy.
I think even the stock market is beginning to understand the need for pilots, and the need for these airlines to ensure their stability by having a good and strong workforce. In this market the only way an airline will have a good workforce is with proper pay.
Spirit should be a good example to managements of all airlines still in negotiations.

ReserveCA

Makes sense but......
Private company indigo won't give up a nickel unless forced to do so

Mooneyguy

True, but their goal is an IPO for frontier. The overall health of the company will be the deciding factor at how well it (the stock) sells

PowerMan

You state that as if it’s a fact. It isn’t. We are all aware of the press last year with regards to the potential IPO. That means nothing.

DrJekyll MrHyde

If they are still planning an IPO, we won’t have the same heads up as before. The rules regarding filing an S1 for public view changed as of this last fall. They’re now able to file in “stealth” and only have to make their revised S1 filings available 15 days before they roadshow for investors. So the could be public in as little as 3 weeks from the day we hear about their next S1 filing.

See here. https://www.google.com/amp/amp.timei...tial-ipo-rules

Mooneyguy

They filed with the sec for an iPo. Granted it's been delayed, but they did indeed file.
It's just an observation. The reason for the delay, who knows. If you follow financial news it was reported its in part due to united's effort to undermine Frontiers growth plans.

One of the underwriters of the iPo was JP Morgan which I mentioned earlier downgrading JetBlue due in part to labor negotiations.

Of course none of us have any real clue what will happen next, but just following the market and what's going in the industry I think it gives labor the leg up.
They want to make in the neighborhood of a half billion on the IPO, that won't happen if they're in the middle of a labor struggle.
All in all it just looks like it's getting close to time the company is going to have to negotiate.
Again not saying it's FACT just observation.