Frontier closing doors this week?

[QCappy]

I thought they just cancelled the Oct furloughs, and were making an operating profit the past two months?

Gotta call BS on this one.

An operating profit doesn't mean anything if your non-operating expenses are higher.

 

[Flying the Line]

I'm lost. Is this a thread about closing the door prior to pushback, because I thought that was pretty obvious. Good luck F9.

 

[Erlanger]

I had a Frontier guy on the jumpseat yesterday and he said that there is a real possiblity that Frontier will close the doors this week. He said that the company will shut down by weeks end if the BK judge doesn't throw out all contracts.

He said it would only save about $6.6 million a year if they did, not enough to make a difference, but that the Company was going to shut the doors anyway if they can't throw them out.

He said he expected it to be done (Fronier) by years end one way or the other.

In your posting you say by weeks end and then you say by the end of the year. Which is it? You can't even get your story straight here.

 

[Andy]

I haven't followed F9's finances for quite a while, so I can't speak on the starter topic of this thread.

My only comments are:
Every F9 employee that I've come across has been a truly class individual. Good luck to all of you; I hope that you're able to keep the doors open.
The pressure of renegotiating contracts is difficult. Cuts or no cuts, bystanders should not be throwing rocks at your company and union.

 

[roughneck]

In your posting you say by weeks end and then you say by the end of the year. Which is it?

Weeks end if the judge doesn't throw out the contracts. Years end even if he does.

 

[jmreii]

An operating profit doesn't mean anything if your non-operating expenses are higher.

You are absolutely right, I guess people do not take financial classes seriously enough to understand that profit means nothing if your expenses are killing you.
People need to take financial classes and they need to be mandatory with 90% passing or you have to repeat!

 

[IdRtherBsailing]

I hope you guys pull through ok. I have been hosed this year and have written the place off for me.(Midwest) Just hope our idiot leaders did'nt start a trend and F9 announces that you will be down to Nine airplanes and Lynx is getting the rest. I hope your contract is better than ours. Good luck everyone.

 

[flyboyzz1]

I dunno, we are loaning 15 mil (I think... ) to Midwest Airlines. I'm not sure we can spare another square. Honestly, it's kind of ironic. We take AA, DAL, CAL, UAL, and USAirways' money and give it to the LLCs and Nationals. That makes us kinda like Robin Hood! :beer:

Yep just like Robin Hood...except you take from what was once the rich kingdoms and give to the poor kingdoms all while you steal, rape, and murder the poor kings servants.

 

[AAflyer]

Yep just like Robin Hood...except you take from what was once the rich kingdoms and give to the poor kingdoms all while you steal, rape, and murder the poor kings servants.

Thats kinda funny...... a little true.. but kinda funny.

AA

 

[StaySeated]

If you did talk with a fellow F9 pilot and he did state what you posted, then he unfortunately has no idea what he is talking about.

The teamsters are currently involved in an 1113c motion. The judge is allowing both sides to present their cases, and after Oct. 3 he will make a decision. He has 30 days to consider the information provided, so there will be no decision made this week regarding any of the employee groups represented by the teamsters.

The pilots are currently voting on an extension of the "interim" cuts while the union continues to negotiate possible permanent restructuring to the CBA. The company has not filed an 1113 against FAPA yet, so the judge can't touch the pilot contract, yet.

The extension vote will close on the 10th, so there will be no decision on that aspect of the concession this week either.

In summary, there will be no decisions this week on any contracts or concessions.

With that being said, we can still close our doors at any time. We are operating within Ch. 11, we are losing money every month, and the potential for another white knight stepping up and dumping their capital into a bottomless pit known as "the airlines" decreases everyday.

But then again, this is aviation and stranger things have happened.

Last note, I see SWA guys ALL the time on the jumpseat, and they are all great. Please do not say something stupid about another pilot group and make us all look bad. If you are one of those guys that flips off every SWA 737 as they fly by then I pity you. We are in this mess because of several idiotic management decisions made between 2003-2008. Potter, Tate, et al had very little competition, cheap leases, cheap fuel, and they still managed to lose money while every other airline on the planet was posting record profits.

 

[Max Powers]

In bankruptcy court near the end game it will always be:.........We are going to shut down unless you give us X and Z. No one knows how true this is but when you negotiate with Unions and Judge lots of posturing is going to be involved.

Good luck f9 guys and gals

 

[fool737700]

If you did talk with a fellow F9 pilot and he did state what you posted, then he unfortunately has no idea what he is talking about.

The teamsters are currently involved in an 1113c motion. The judge is allowing both sides to present their cases, and after Oct. 3 he will make a decision. He has 30 days to consider the information provided, so there will be no decision made this week regarding any of the employee groups represented by the teamsters.

The pilots are currently voting on an extension of the "interim" cuts while the union continues to negotiate possible permanent restructuring to the CBA. The company has not filed an 1113 against FAPA yet, so the judge can't touch the pilot contract, yet.

The extension vote will close on the 10th, so there will be no decision on that aspect of the concession this week either.

In summary, there will be no decisions this week on any contracts or concessions.

With that being said, we can still close our doors at any time. We are operating within Ch. 11, we are losing money every month, and the potential for another white knight stepping up and dumping their capital into a bottomless pit known as "the airlines" decreases everyday.

But then again, this is aviation and stranger things have happened.

Last note, I see SWA guys ALL the time on the jumpseat, and they are all great. Please do not say something stupid about another pilot group and make us all look bad. If you are one of those guys that flips off every SWA 737 as they fly by then I pity you. We are in this mess because of several idiotic management decisions made between 2003-2008. Potter, Tate, et al had very little competition, cheap leases, cheap fuel, and they still managed to lose money while every other airline on the planet was posting record profits.

Finally! A a post that puts the blame where it needs to be. Southwest has NOTHING to do with F9's problems.

 

[CitationUltra]

I thought they just cancelled the Oct furloughs, and were making an operating profit the past two months?

Gotta call BS on this one.

They lost $5.6 million in August.

 

[sshrae]

They lost $5.6 million in August.

you're an idiot.

 

[waveflyer]

As cool as frontier is, the only reason we care at all as pilots is b/c of seniority and the fact that we start completely over at the bottom when changing companies.

oh-- and not a fan of republic- but they are a tool to get pilot wages lower and undermine the whole concept of seniority.
But it takes 51% of a major airline pilot group to create the market for them to compete in.
Stand strong on scope- and reign it back in.

If seniority is going to be played against us and bastardized by scope-- why don't we just get rid of it?

Good luck frontier-