Frontier pay cuts?

[rtmcfi]

Golden parachute anyone?

http://finance.denverpost.com/mng-denver?GUID=5484552&Page=MediaViewer&Ticker=FRNT

Vote for the concessions, with a snapback clause, guaranteed DIP financing dependant upon your concessions, and a 6 month parachute like your management. Seems fair.

 

[scarlet]

Would be smart for Branson, qualified employees !!

 

[Cardinal]

Another diehard "NO" voter here. Not all of us have had our heads in the sand for the last 10 years. If a BK judge is gonna screw us he will find ways whether or not we've been "cooperative."

Unfortunately too many of the captains here could give a rats behind about the profession, and are willing to sacrifice nearly anything so that they don't have to worry about their out of date logbooks.

Oh, but let's not forget: $4.57 million buys you optional hats. Woot.

 

[Networ-King]

Vote for the concessions, with a snapback clause, guaranteed DIP financing dependant upon your concessions, and a 6 month parachute like your management. Seems fair.

Wow....

What kind of sick twisted f*(k has an avatar like that..... christ dude......

 

[Eagle757shark]

Sorry guys I was at ATA in 2004 when management came to ALPA and asked for pay cuts that would snap back within a certain period of time (don't remember how long). We fell for it and voted yes in April of 2004 and the company filed for Ch. 11 in October of 2004 giving away its bread and butter in Chicago and everything they possible could. Pay concessions will not save you, only a smart and realistic business plan that doesn't live off the backs of its employees. Guys don't be fooled and don't let fear force you into something that you will probable regret later. Make them show you the numbers and what their business plan is. Don't walk blindly into this trap!
Best of luck to you guys at Frontier!

 

[Bookingsareup]

Neither you nor FAPA are in the driver's seat. You say you are upset that the company didn't give you enough warning. What difference does it make if they give you one day or three months to read the TA and decide how you want to vote. you basically have a choice, Vote YES and give the company what it wants or vote NO and watch the company TAKE it. It really doesn't matter whether you believe they are telling the truth, or if a pay cut ever saved a company. It is a bad situation any way you look at it. It is out of your hands now.
Good luck

 

[QRC]

Neither you nor FAPA are in the driver's seat. You say you are upset that the company didn't give you enough warning. What difference does it make if they give you one day or three months to read the TA and decide how you want to vote. you basically have a choice, Vote YES and give the company what it wants or vote NO and watch the company TAKE it. It really doesn't matter whether you believe they are telling the truth, or if a pay cut ever saved a company. It is a bad situation any way you look at it. It is out of your hands now.
Good luck

Right on the money my friend. Now I can stop wasting my time reading debates on these and other boards, your post sums it up. Thank you...and I'm not being sarcastic.

 

[CitationUltra]

My understanding is the union has agreed to pay cuts. Just wondering if they have told the pilots yet what they will be voting on.

If they cut pay, how much longer will they be able to sell their product below cost?

 

[embpic1]

Wow....

What kind of sick twisted f*(k has an avatar like that..... christ dude......

Actually I think it's hilarious! And I like cats... lol

 

[AA717driver]

Wow....

What kind of sick twisted f*(k has an avatar like that..... christ dude......

What do you have against adopting cats? That one's past its "buy before" date but, I mean, come on... TC

 

[regionaltard]

Actually I think it's hilarious! And I like cats... lol

+1. I just love the stuff that people get their panties in a wad over here on FI.

 

[Pilotbob3]

The Dead Kitty says....Any pilot who votes YES on this is an idiot!

 

[olympus593]

Hope it all work out for all the F9 guy's, but I'm afraid s-h-i-t is about to hit the fan everywhere...

 

[NoJoy]

http://i70.photobucket.com/albums/i86/poetknight/evenkittens.jpg?t=1168992345

 

[UM#1]

paycuts don't save companies...

vote no.

agreed, I voted yes to 3 paycuts before receiving my furlough at ATA...my yes vote never helped, except maybe prolong the inevitable...