Frontier doing well eh?
http://www.forbes.com/business/2005/03/29/cz_bn_0329frontier.html?partner=yahoo&referrer=
according to the above link, F9 isn't as cherry as you all make it out to be. On May 26, 2005, they are expected to report a loss of $25M or $0.80/share.
What was that someone said about F9 has only "good debt"? Let me educate you on that. When your company is LOSING money, NO DEBT IS GOOD DEBT. How do you pay the bills with a negative cash flow? The article goes on to say that the $25M F9 lost equates to about $0.80/share, and they expect it to drop another $0.20/share in 2006. i.e., F9 isn't going to see profits anytime soon. Which leads me to another topic:
I checked out airlinepilotpay.com and compared AWA and F9. For all practical purposes, the pay is about the same. A fifth year FO at F9 makes (based on guarantee) an extra $1404.00 in a YEAR than does a 5th FO at AWA. Ooooohhh!!! A 10th year captain at F9 yields an extra $13,284.00 in a year. Sounds like a lot, but when you factor in tax brackets, it's not all that much more.
Now, here is where it really gets good: AWA has a 7% B-plan and up to 3% matching on a 401K.
Frontier offers NO A-plan, NO B-plan, but, they do offer profit sharing. Oh boy, profit sharing.
Frontier guys, what do you do when the airline reports a loss? Do you not receive any money or do YOU write the company a check?
When contemplating where to go, you might want to look a little bit past the hourly pay. And, if you think you are going to make the big bucks flying for Frontier, you will earn mediocore bucks while flying your butt off.
I also found this interesting too. F9 has picked up more of the market share at Denver. Why? because UAL has pulled out some of its flying there. This is interesting because Frontier can only grow dependent upon others LEAVING. Frontier cannot go INTO a market and accomplish the same goal. Remember, F9 was started when Continental LEFT Denver. Give it time, more carriers are going to serve the abandoned UAL routes (mainly the regionals) and Frontier's only hope for expansion/growth will be the others leaving.
AWA is the ONLY post-deregulation airline to achieve Major status. They have been through a lot AND succeeded since then. They have proven they have what it takes to make it.