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Old 03-31-2017, 06:20 PM
  #7601  
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Originally Posted by PulledBreaker
Specifics aren't really that important. From what I can tell, Frontier is going to try and settle the pilot equity claim this year before FRNT's market capitalization grows. Just like they did with the FAs.
There's no way in hell that'll happen. The FA's had a "me too" clause and even that was weak. I think they were lucky they got anything. BB and the FAPAInvest board will tell Franke and Biffle to pound sand if they try to buy FAPAInvest out. It's rock solid.
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Old 03-31-2017, 06:39 PM
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Originally Posted by Mugatu
There's no way in hell that'll happen. The FA's had a "me too" clause and even that was weak. I think they were lucky they got anything. BB and the FAPAInvest board will tell Franke and Biffle to pound sand if they try to buy FAPAInvest out. It's rock solid.
Since I'm not involved with fapa invest, it's really none of my business. I hope it works out for the best for you guys.

What I'm now focused on is the mediator and the negotiating committee's ability to quantify the company's economic conditions. Specifically the $392,000,000 EBTIDA, and the company's admittance of external competitive upward wage pressure of unionized pilot labor.
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Old 03-31-2017, 06:48 PM
  #7603  
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Originally Posted by PulledBreaker
So fiscal year ending 2016, Frontier has $612,000,000 in cash and $1,341,000,000 in total assets.
That looks like a little more than 67 reasons why we will win on the 20th.
Granted we only win the right to negotiate in good faith.....Ha!
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Old 03-31-2017, 07:09 PM
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One of the most discerning points came out in the company release/email today.

"Possible future employee incentive plans; or"

What does that mean? It's lumped in with the quiet period conditions. Negotiations over?

To take a line out of "MissedApproaches" playbook, it's PATHETIC.
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Old 03-31-2017, 08:12 PM
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Originally Posted by Trowserchilli
One of the most discerning points came out in the company release/email today.

"Possible future employee incentive plans; or"

What does that mean? It's lumped in with the quiet period conditions. Negotiations over?

To take a line out of "MissedApproaches" playbook, it's PATHETIC.
Negotiations will drag on at a snails pace. If hiring really does dry up before a new contract is agreed to, watch for signing bonuses. It's what many regional airlines have been doing for the last several years to subvert section 6. The best part for management is they can be removed just as quickly as they're implemented. The union is powerless to stop them as well.
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Old 03-31-2017, 08:49 PM
  #7606  
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Originally Posted by dracir1
Let me clarify as it seems some have misunderstood my thoughts...

The lanyards, info strikes, changes in colors of ties (like SW did), etc. are all IMPORTANT to the PILOTS and the UNION. I agree, it is good to show solidarity and to be as much of one accord as possible. These little outward signs are what show ourselves and the rest of the world that we are united for our cause.

As far as their impact on the Company, I would put lanyard color at 0%. If I were CEO, I could care less what the pilots did, wore, etc. as long as they continued to act in accordance w/ the contract AND that the bottom line didn't suffer. We could have pink and purple checkerd lanyards with camoflauge colored lettering and that wouldn't move the needle one bit as long as flights continue to go from here to there.

So, while we are info picketing, they will be going about business as usual. If/when we walk out of cockpits and ACTUALLY picket, then there will be some moving with a purpose w/ in the GO. This company operates with one of the largest profit margins in the industry and will still make money (albeit a little less) w/ two engine taxi use, if we don't pick up open time, etc. I would surmise that there would need to be somewhere in the ballpark of a 90% completion rate of all scheduled flights (ie. 10% of flights cancelled) per day for the company to "break even." Hell, for all I know, that # might be less. Right now, the highest rates of cancelled flights industry wide range in the 2.5 - 3.0% range. Of course, every cent counts but losing .05% due to increased fuel used because of two engine taxi or cancelling 2-3 flights per day because no one picked up open time and all the reserves were used isn't going to create a difference large enough to renegotiate our labor contract.

As I mentioned, I will do what the union asks to my best ability but I would be EXTREMELY surprised if some industry leading TA appeared prior to our self-help.
Thanks for clarifying. I can't really disagree with any of this. The only thing that I could maybe see, with regards to our direct and immediate impact on the company with info picketing, is that public perception and negative press of pilot labor unrest may put pressure on the IPO valuation, which I would guess is something Frankie would not want..Just an uneducated guess on that one. The people they pay to deal in "Labor Relations" will also take notice of our collective resolve. It is something they are watching very closely. Will it sit them down at the table and get them to hammer out a contract with us? Probably not. Will it show them that any future attempts to lower expectations, push concessions, or divide and conquer will be met with a unified front against those tactics? Hopefully.

Last edited by 1900luxuryliner; 03-31-2017 at 09:26 PM.
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Old 04-01-2017, 01:07 AM
  #7607  
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Read page 94 of the SEC filing.
According to that, everything with hiring is going just fine.
We have 10 applicants for every 1 pilot hired.


https://www.sec.gov/Archives/edgar/d...d366312ds1.htm
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Old 04-01-2017, 06:13 AM
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Originally Posted by Trowserchilli
Read page 94 of the SEC filing.
According to that, everything with hiring is going just fine.
We have 10 applicants for every 1 pilot hired.


https://www.sec.gov/Archives/edgar/d...d366312ds1.htm
To think that we have line pilots volunteering their time at job fairs and interviewing new hire candidates is appalling. Tell these people to stand the F down. They are hurting our cause. Let the illustrious chief pilots handle that shiiite. They're the ones compensated for it, and if you're volunteering, you're nothing but a chump giving the bird to your line flying peers. Finally some REAL transparency in the SEC filing. If you're a Frontier pilot and not offended, there's something wrong with your comprehension. Claims of challenging business conditions have been squashed and it's quite clear that mgmt simply decided to not bargain in good faith. Stand up and show up on April 19th.
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Old 04-01-2017, 07:17 AM
  #7609  
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Originally Posted by motorboatin
To think that we have line pilots volunteering their time at job fairs and interviewing new hire candidates is appalling. Tell these people to stand the F down. They are hurting our cause. Let the illustrious chief pilots handle that shiiite. They're the ones compensated for it, and if you're volunteering, you're nothing but a chump giving the bird to your line flying peers. Finally some REAL transparency in the SEC filing. If you're a Frontier pilot and not offended, there's something wrong with your comprehension. Claims of challenging business conditions have been squashed and it's quite clear that mgmt simply decided to not bargain in good faith. Stand up and show up on April 19th.
I couldn't agree more.
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Old 04-01-2017, 07:36 AM
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Originally Posted by Missed Appch
I couldn't agree more.
There was a recruiter in my recurrent ground school. There were a couple of guys asking him why I'm he did it for free. He laughed and said,"he would never do it for free, we are paid to recruit." According to him it changed almost three years ago.
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