How long for a contract?
#581
Gets Weekends Off
Joined APC: Dec 2023
Posts: 180
#582
Almost there
Joined APC: Apr 2021
Posts: 1,283
#584
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Joined APC: Mar 2019
Posts: 427
Brandon (Barclays): “And Barry, do you expect to be profitable every quarter going ahead, especially with reiterating much higher margin target for 2025?”
Barry Biffle: “Yes.”
IDK about you all, but I was convinced with that answer.
#585
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Joined APC: Jul 2009
Posts: 638
No. Zero debt on the balance sheet. Literally zero other than aircraft deliveries that can be deferred. Unlike Spirit F9 hasn't borrowed a dime. Q1 guidance said high single digit/low double digit profits going forward. I know I am flying completely full planes with 60-120 checked bags on every leg. I can't see how we don't have a profitable Q2 print (even with the abysmall ontime performance and higher than average cancellations. Annual average was just a hair above 2% and we have seen some 6% days in Q2). Frontier is an absolute circus but we are definitely not fighting for survival, just our sanity.
#586
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Joined APC: Dec 2023
Posts: 180
Hilarious to me how a couple youtube videos are made about the ULCCs struggling, and one of them fighting to stay afloat and suddenly the entire business model is dead and our own jobs at stake.
I'm eager to see the numbers on Friday, but as a non-businessman it makes little difference. Until the WARNs come out, business as usual for me.
I'm eager to see the numbers on Friday, but as a non-businessman it makes little difference. Until the WARNs come out, business as usual for me.
#587
Gets Weekends Off
Joined APC: Mar 2021
Posts: 1,311
Hilarious to me how a couple youtube videos are made about the ULCCs struggling, and one of them fighting to stay afloat and suddenly the entire business model is dead and our own jobs at stake.
I'm eager to see the numbers on Friday, but as a non-businessman it makes little difference. Until the WARNs come out, business as usual for me.
I'm eager to see the numbers on Friday, but as a non-businessman it makes little difference. Until the WARNs come out, business as usual for me.
#588
Gets Weekends Off
Joined APC: Mar 2021
Posts: 1,311
Hilarious to me how a couple youtube videos are made about the ULCCs struggling, and one of them fighting to stay afloat and suddenly the entire business model is dead and our own jobs at stake.
I'm eager to see the numbers on Friday, but as a non-businessman it makes little difference. Until the WARNs come out, business as usual for me.
I'm eager to see the numbers on Friday, but as a non-businessman it makes little difference. Until the WARNs come out, business as usual for me.
Spirit, an arguably previously well-run company, and our primary competitor, is having serious issues.
Ryanair, publicly per Barry himself is the "model to emulate" is having issues.
etc
to say that Frontier has no challenges ahead is also incorrect
#589
Almost there
Joined APC: Apr 2021
Posts: 1,283
#590
Gets Weekends Off
Joined APC: Nov 2012
Position: 1900D CA
Posts: 3,476
While I agree that listening to doomsdayers is getting old, the "everything of roses" (the inverse of the doomsday crowd) is not accurate either.
Spirit, an arguably previously well-run company, and our primary competitor, is having serious issues.
Ryanair, publicly per Barry himself is the "model to emulate" is having issues.
etc
to say that Frontier has no challenges ahead is also incorrect
Spirit, an arguably previously well-run company, and our primary competitor, is having serious issues.
Ryanair, publicly per Barry himself is the "model to emulate" is having issues.
etc
to say that Frontier has no challenges ahead is also incorrect
There has undoubtedly been a shift in the market. The Legacies are doing better then they have done since deregulation. You have to remember that the legacy airlines have had so many bad years, all have been thru bankruptcy and so much unhappy labor. My uncle has been at United since the early 90s. He's only recently been happy. 30 years of bad days and about 3 or 4 good years.
Southwest on the other hand had 30 great years, yeard profits and happy pilots. Only recently have things turned sour there.
The ULCCs in the US are still pretty fresh to the market. It's definitely had its ups and downs. Frontier and Spirit were both wildly profitable at one point, but post Covid have found themselves in a changed market. Both are adjusting and I'm sure there's a lot more change ahead. But the market definitely has a spot for them. People can argue about "being just as expensive after you add up the fees" but it's just not true. The airlines revenue is proof of that. A fully loaded up ticket on Frontier is still much cheaper on average than a legacy ticket.
Cost is king and there's a huge majority of the population living pay check to pay check. The ULCCs can survive.
Spirit and Frontier have very, very similar business models but have very different finicial positions. Spirit has over a Billion in debt and Frontier has very little. Spirit, as the first big ULCC has had a harder time with their public reputation. (We deserve a worse reputation but don't really suffer it. SNL and late night comedy still uses Spirit as the go to punching bag). In addition, Spirit suffered, and still is, badly from the P&W engine issues. They got absolutely decimated by that. Having nearly 40 aircraft out of service is horrible for business. Hopefully Frontier can navigate the P&W engine issues much better. It'll certainly be a much smaller portion of the fleet out at any given time.
But as a post above said, as long as my pay check clears, I'm going to keep showing up to work. Frontier likely loses a couple million bucks this quarterly report but we've got $650 million in the bank. I'm not losing any sleep.
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