Frontier files chapter 11

[hawk996]

double post

 

[hockeypilot44]

Whatever happened to raising ticket prices to cover expenses? Why take it off employees when you can just charge more? I guess I will never understand this industry. A grey hound ticket costs more than an airplan ticket.

 

[AA717driver]

Whatever happened to raising ticket prices to cover expenses? Why take it off employees when you can just charge more? I guess I will never understand this industry. A grey hound ticket costs more than an airplan ticket.

Sad to say, both SWA and UAL would undercut them in DEN (and everyone else would in the rest of the country). TC

 

[HighSpeedClimb]

ExPat

At $120/bbl we are all on borrowed time.

If you are at Frontier look at it this way: If you do go chapter 7 at least you get the first crack at the ex pat jobs before the rest of us.

The only thing worse than being an employee of the first company to go out of business is being an employee of the last to go tango uniform.

Sad to say but F9 won't be the first for those Expat jobs, remember Aloha,ATA,Skybus,Champion...
There's about 20 Aloha guys, your's truly included, going to Skymark in Japan where 8 more planes are arriving over the next 2 years. They pay your Japanese taxes of 30% which now you get credited in the US, and for someone like me living in Hawaii its a 7 hr commute which of course they pay for. Lots of money to be made if your willing to take the plung. They'll pay a B737NG guy what the US pays B777 guys. Hopefully in 3 to 4 years things will be better in US. Just something to keep in the back of your mind. Anyone want more info you can PM me.

Good Luck F9...been there...

 

[Golden Falcon]

However, at this critical time when we are trying to secure DIP financing, we must show these potential investors and the creditors' committee a viable business plan that will allow us to operate in this challenging environment of rising oil costs. They need to see that we are doing everything possible in relation to fuel costs and to improve Frontier Airlines Holdings, Inc. bottom line. Since we have entered bankruptcy, fuel has increased from $107/barrel to over $122/barrel. This represents an annual increase in expenses of nearly 75 million dollars. Unfortunately, these increases are no longer offset by fuel hedges as our hedging agreements became invalid when we entered bankruptcy.

uh huh...they left out the bit about the golden parachutes they arranged for themselves..funny huh??

 

[AA717driver]

uh huh...they left out the bit about the golden parachutes they arranged for themselves..funny huh??

So cynical at such a young age... TC

 

[HighSpeedClimb]

Been there guys...They take your cuts and shut down anyway. Start looking now, you'll feel better if things get worse. As always..Good luck!!

 

[carl p]

Hate to say it, but it's the same play book. Stop matching 401k, ask for 10% cut, and go out of business anyway. Have the t-shirt, at least we said no to the cut and kept our money for the last couple months before the end. Best of luck F9!

 

[Fubijaakr]

Never volunteer for a pay cut!

 

[ultrarunner]

If it were me, I would force the JUDGE to cut my pay, before I EVER volunteered for a pay cut. And then I'd never let the court forget they took food off my table!

Think about it....

You tell your MEC to go in there and tell management to pound salt! Force your management to go in front of a judge and beg that judge to let them TAKE money out of your pocket.

We're talking a FEDERAL judge here folks. Make him, or her, cut your pay, your benefits, your retirement, etc...

THEN, take it to the press...advertise the crap out it... That your FEDERAL JUDGE TOOK FOOD OFF YOUR TABLE. And your management got 6 month retention packages!

If one more pilot group succumbs to MORE concessions, we're all fuked!

You guys really underestimate what a group effort can accomplish.