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Old 10-17-2023, 08:13 AM
  #3361  
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Well, if the company isn’t going to make a profit for awhile it’ll cost them virtually nothing to modify the contract to give the pilots substantial profit sharing once they do make a profit. It’s currently still a competitive market out there for pilots, regardless of what else is going on. And Pratt&Whitney is taking a $3 billion hit themselves, in large part to compensate airlines that are suing them for selling a defective product. To the extent P&W is part of the problem, they can also be part of the solution.
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Old 10-17-2023, 09:28 AM
  #3362  
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Originally Posted by Excargodog
Well, if the company isn’t going to make a profit for awhile it’ll cost them virtually nothing to modify the contract to give the pilots substantial profit sharing once they do make a profit. It’s currently still a competitive market out there for pilots, regardless of what else is going on. And Pratt&Whitney is taking a $3 billion hit themselves, in large part to compensate airlines that are suing them for selling a defective product. To the extent P&W is part of the problem, they can also be part of the solution.
Yes, the hit will lower their free cash flow to $7.5B. They have money to make operators at least partially whole, so NK can’t cry that poor. Money will be coming in.
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Old 10-17-2023, 02:10 PM
  #3363  
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Originally Posted by CincoDeMayo
Yes, the hit will lower their free cash flow to $7.5B. They have money to make operators at least partially whole, so NK can’t cry that poor. Money will be coming in.
The question is when? Payments starting next month or 2025?
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Old 10-17-2023, 02:51 PM
  #3364  
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Originally Posted by Noisecanceller
The question is when? Payments starting next month or 2025?
I don’t think anything has been determined more than RTX saying they will make compensation. Who knows what that means. But seems like a pretty solid lawsuit.
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Old 10-18-2023, 06:29 AM
  #3365  
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Default What just happened?

Did we just witness a master class in negotiations?
1. Jetblue gives non scheduled LOA improvements
2. SPA MEC predictably runs to CEO office, 'Hey what about us?"
3. CEO gives sob story about $$$, releases forward looking info that may be, but likely is not entirely truthful.
4. Union disseminates this information to members.
5. Anonymous first time poster makes it officially public in this chat. Info is out, and released by a third party absolving the company of any wrong doing.
6. Jetblue arguments in court are now much stronger with Spirit being in decline. "Hey Judge, they will go bankrupt if we don't save them"
7. JCBA whipsaw with threats of furlough. "Vote YES or else we will furlough, we simply can't afford to prolong this"

Did management just let us carry all the water for them? Looks that way....

This all conviently benefits Spirit and JetBlue management.....
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Old 10-18-2023, 07:04 AM
  #3366  
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Originally Posted by In Exile
Did we just witness a master class in negotiations?
1. Jetblue gives non scheduled LOA improvements
2. SPA MEC predictably runs to CEO office, 'Hey what about us?"
3. CEO gives sob story about $$$, releases forward looking info that may be, but likely is not entirely truthful.
4. Union disseminates this information to members.
5. Anonymous first time poster makes it officially public in this chat. Info is out, and released by a third party absolving the company of any wrong doing.
6. Jetblue arguments in court are now much stronger with Spirit being in decline. "Hey Judge, they will go bankrupt if we don't save them"
7. JCBA whipsaw with threats of furlough. "Vote YES or else we will furlough, we simply can't afford to prolong this"

Did management just let us carry all the water for them? Looks that way....

This all conviently benefits Spirit and JetBlue management.....
What if the furlough comes much sooner? Like soon
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Old 10-18-2023, 07:42 AM
  #3367  
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Originally Posted by In Exile
Did we just witness a master class in negotiations?
1. Jetblue gives non scheduled LOA improvements
2. SPA MEC predictably runs to CEO office, 'Hey what about us?"
3. CEO gives sob story about $$$, releases forward looking info that may be, but likely is not entirely truthful.
4. Union disseminates this information to members.
5. Anonymous first time poster makes it officially public in this chat. Info is out, and released by a third party absolving the company of any wrong doing.
6. Jetblue arguments in court are now much stronger with Spirit being in decline. "Hey Judge, they will go bankrupt if we don't save them"
7. JCBA whipsaw with threats of furlough. "Vote YES or else we will furlough, we simply can't afford to prolong this"

Did management just let us carry all the water for them? Looks that way....

This all conviently benefits Spirit and JetBlue management.....
And JetBlue pilots.

Teddy just took an axe to the spa mec's APPLE TREE.

What percieved equity does the SPA MEC now bring to the JCBA? How's that gonna affect the SLI? I seem to remember them telling us we had to take the deal so we had a better position with our equity in the negotiations or it could negatively impact our position in the SLI. Looks like JetBlue's MEC just widened the gap.

If someone lost a difference of $386M from a projected $61M profit and further devalued the the stakeholders value when everyone else is turning a profit, I'd think his head would be on the boards chopping block! Something seems amiss.
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Old 10-18-2023, 07:52 AM
  #3368  
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Originally Posted by Irishblackbird
And JetBlue pilots.

Teddy just took an axe to the spa mec's APPLE TREE.

What percieved equity does the SPA MEC now bring to the JCBA? How's that gonna affect the SLI? I seem to remember them telling us we had to take the deal so we had a better position with our equity in the negotiations or it could negatively impact our position in the SLI. Looks like JetBlue's MEC just widened the gap.

If someone lost a difference of $386M from a projected $61M profit and further devalued the the stakeholders value when everyone else is turning a profit, I'd think his head would be on the boards chopping block! Something seems amiss.
but Drop to Zero…..
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Old 10-18-2023, 08:15 AM
  #3369  
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Originally Posted by Forward lav
but Drop to Zero…..
DTZ is worth at least 150$ an hour.
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Old 10-18-2023, 08:41 AM
  #3370  
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Joined APC: Sep 2014
Posts: 512
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Originally Posted by Irishblackbird
And JetBlue pilots.

Teddy just took an axe to the spa mec's APPLE TREE.

What percieved equity does the SPA MEC now bring to the JCBA? How's that gonna affect the SLI? I seem to remember them telling us we had to take the deal so we had a better position with our equity in the negotiations or it could negatively impact our position in the SLI. Looks like JetBlue's MEC just widened the gap.

If someone lost a difference of $386M from a projected $61M profit and further devalued the the stakeholders value when everyone else is turning a profit, I'd think his head would be on the boards chopping block! Something seems amiss.

the axe LOL
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