Frontier Hiring.
#5393
Gets Weekends Off
Joined APC: Nov 2012
Position: 1900D CA
Posts: 3,476
Sure. You think the average Wall Street investor gets as wrapped around the axel about pilot contracts as we do? Airlines are virtually always in negotiations of some sort. They don't care nearly as much as you think. As long as the company is profitable and growing, investors think they will make money.
#5394
Banned
Joined APC: Dec 2009
Position: Narrow/Left Wide/Right
Posts: 3,655
Agreed. And the price of fuel is due to take a jump after the election in November (as it very often does), and it's over due anyway. Even though I think the ULCCs can thrive in a high fuel cost market, I believe the negative effect it will have in the majority of U.S. Airlines will cast a large shadow - big enough sway investor confidence in our ULCCs. IMO, the timing for an IPO is as good as it can get for the near future.
At the end of the day, it's a supply/demand problem that is truly unaffected by any election.
If high fuel cost is driven by excessive demand, well then business is good and everyone prospers (at least temporarily).
If high fuel cost is driven by strife and restricted demand (ie embargo) etc, then that will be problematic for the whole economy much more quickly.
Chances of the first happening seem really low due to worldwide economic slump at the moment.
Chance of the latter seems somewhat remote as many parts of the world are now producing oil and are eager to sell due to waning budgets.
I think it's yet to be determined that ULCC's will "thrive" in a "high fuel cost market" as that generally affects the budget conscious / pleasure traveler even more than the business market, but both are affected.
Also, when fuel is high, market priced labor is less of a piece of the cost of producing the widget than having sub market wages as the high fuel cost overrides all.
Bottom line, high fuel is not really good for anyone in this industry, and IMO would affect the ULCC's as well. I guess we'll see if your hedge on the industry is correct (well after your predicted fuel spike in November anyway). Best of luck to all of us.
#5395
Gets Weekends Off
Joined APC: Feb 2015
Posts: 580
Sure. You think the average Wall Street investor gets as wrapped around the axel about pilot contracts as we do? Airlines are virtually always in negotiations of some sort. They don't care nearly as much as you think. As long as the company is profitable and growing, investors think they will make money.
#5396
I don't think you understand the factors that drive the price of fuel.
At the end of the day, it's a supply/demand problem that is truly unaffected by any election.
If high fuel cost is driven by excessive demand, well then business is good and everyone prospers (at least temporarily).
If high fuel cost is driven by strife and restricted demand (ie embargo) etc, then that will be problematic for the whole economy much more quickly.
Chances of the first happening seem really low due to worldwide economic slump at the moment.
Chance of the latter seems somewhat remote as many parts of the world are now producing oil and are eager to sell due to waning budgets.
I think it's yet to be determined that ULCC's will "thrive" in a "high fuel cost market" as that generally affects the budget conscious / pleasure traveler even more than the business market, but both are affected.
Also, when fuel is high, market priced labor is less of a piece of the cost of producing the widget than having sub market wages as the high fuel cost overrides all.
Bottom line, high fuel is not really good for anyone in this industry, and IMO would affect the ULCC's as well. I guess we'll see if your hedge on the industry is correct (well after your predicted fuel spike in November anyway). Best of luck to all of us.
At the end of the day, it's a supply/demand problem that is truly unaffected by any election.
If high fuel cost is driven by excessive demand, well then business is good and everyone prospers (at least temporarily).
If high fuel cost is driven by strife and restricted demand (ie embargo) etc, then that will be problematic for the whole economy much more quickly.
Chances of the first happening seem really low due to worldwide economic slump at the moment.
Chance of the latter seems somewhat remote as many parts of the world are now producing oil and are eager to sell due to waning budgets.
I think it's yet to be determined that ULCC's will "thrive" in a "high fuel cost market" as that generally affects the budget conscious / pleasure traveler even more than the business market, but both are affected.
Also, when fuel is high, market priced labor is less of a piece of the cost of producing the widget than having sub market wages as the high fuel cost overrides all.
Bottom line, high fuel is not really good for anyone in this industry, and IMO would affect the ULCC's as well. I guess we'll see if your hedge on the industry is correct (well after your predicted fuel spike in November anyway). Best of luck to all of us.
So the stock market is effected by supply and demand? I had no idea. I also had no idea that oil companies, Wall Street investors, or any other special interest group have no interest in the presidential election outcome - that's a relief!
I always thought (in agreement with many published analysts) that equities tend to drop in the end of a president's term.
Here's one article, this author obviously is a moron. Maybe you can help get these people fired, I have faith in your resourcefulness.
[URL="http://www.cnbc.com/2016/01/13/why-markets-tend-to-fall-during-a-presidential-election-year.html"]
And this fellow is predicting "an overdue" rise in oil prices after the 3rd quarter but not because of some huge surge in demand that means "business is good and everyone prospers" or "strife and restricted demand." Instead, he notes that massive consolidation and huge production cuts in the U.S. oil market, and the continually increasing import of foreign oil. What an idiot!
http://oilprice.com/Energy/Energy-Ge...Will-Rise.html
I'm glad I have you around to explain to me how fuel pricing works! I'm sure DrJekyll feels the same way!
#5397
Gets Weekends Off
Joined APC: Jan 2008
Position: 319/320/321...whatever it takes.
Posts: 492
My hope is that anything that gets us beyond this fix-and-flip stage will be beneficial to the pilot group.
I think even our draconian management team knows that some of the stuff they're pulling now is not sustainable in the long run. For now though, it makes our numbers look 0.007% better so we do it.
Once we're owned by someone (general public via an IPO or another carrier via a merger) who's interested in running an airline for the long term, I think conditions will improve.
But I've been wrong before.
I think even our draconian management team knows that some of the stuff they're pulling now is not sustainable in the long run. For now though, it makes our numbers look 0.007% better so we do it.
Once we're owned by someone (general public via an IPO or another carrier via a merger) who's interested in running an airline for the long term, I think conditions will improve.
But I've been wrong before.
#5398
Banned
Joined APC: Dec 2009
Position: Narrow/Left Wide/Right
Posts: 3,655
Wow, why are you on APC instead of auditioning for your own "Mad Money" show?!
So the stock market is effected by supply and demand? I had no idea. I also had no idea that oil companies, Wall Street investors, or any other special interest group have no interest in the presidential election outcome - that's a relief!
I always thought (in agreement with many published analysts) that equities tend to drop in the end of a president's term.
Here's one article, this author obviously is a moron. Maybe you can help get these people fired, I have faith in your resourcefulness.
[URL="http://www.cnbc.com/2016/01/13/why-markets-tend-to-fall-during-a-presidential-election-year.html"]
And this fellow is predicting "an overdue" rise in oil prices after the 3rd quarter but not because of some huge surge in demand that means "business is good and everyone prospers" or "strife and restricted demand." Instead, he notes that massive consolidation and huge production cuts in the U.S. oil market, and the continually increasing import of foreign oil. What an idiot!
http://oilprice.com/Energy/Energy-Ge...Will-Rise.html
I'm glad I have you around to explain to me how fuel pricing works! I'm sure DrJekyll feels the same way!
So the stock market is effected by supply and demand? I had no idea. I also had no idea that oil companies, Wall Street investors, or any other special interest group have no interest in the presidential election outcome - that's a relief!
I always thought (in agreement with many published analysts) that equities tend to drop in the end of a president's term.
Here's one article, this author obviously is a moron. Maybe you can help get these people fired, I have faith in your resourcefulness.
[URL="http://www.cnbc.com/2016/01/13/why-markets-tend-to-fall-during-a-presidential-election-year.html"]
And this fellow is predicting "an overdue" rise in oil prices after the 3rd quarter but not because of some huge surge in demand that means "business is good and everyone prospers" or "strife and restricted demand." Instead, he notes that massive consolidation and huge production cuts in the U.S. oil market, and the continually increasing import of foreign oil. What an idiot!
http://oilprice.com/Energy/Energy-Ge...Will-Rise.html
I'm glad I have you around to explain to me how fuel pricing works! I'm sure DrJekyll feels the same way!
I can find you a dozen articles predicting the price of oil to rise/fall on a monthly basis, that's the beautiful thing about markets... the arbiter of truth is the price at the end of the day.
If you truly think oil is due to rise/spike then buy XLE and enjoy the ride, money talks, bravado walks (well unless your Trump).
Oil speculation is a tricky business (ask Delta mgmt about the $2+ Billion in hedge losses over the last few years) and the thing about blog/press opinions is their a lot like a-holes (everyone has one and most are pretty stinky).
Bottom line, it's all about risk, and if you tie your career to Frontier for some perceived oil price bump/Frontier IPO/Equity payout to make you whole then I hope the QOL and job satisfaction are great along the way.
I honestly hope it works out in spades for the pilots of Frontier and I hope they get a contract that makes a 2yr training contract obsolete, and makes the NK and A320 pilots around the world envious!
#5399
Gets Weekends Off
Joined APC: Feb 2015
Posts: 580
2 yr "enforceable" training contract, pay for your own hotel during training, $38 an hour....who's been hired and why???
Any other "major" airlines require a contract? Any other airline makes you pay for your own hotel? Lowest pay in the "majors"?
What kind of pilots are you getting?
Any other "major" airlines require a contract? Any other airline makes you pay for your own hotel? Lowest pay in the "majors"?
What kind of pilots are you getting?
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