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Frontier: Temporary Paycuts And Benefit Reductions  
User currently offlineNational757 From United States of America, joined Jul 2007, 720 posts, RR: 1
Posted (5 years 11 months 1 week 3 days 11 hours ago) and read 7840 times:

All kinds of Frontier related articles in the Denver media today. Apparently all employees including senior officers will have their pay reduced "temporarily" in order to look more attractive to potential investors. How do temporary wage reductions attract investors for DIP financing? In my view, wage reductions only serve to reduce costs and make your work force more militant.

From: http://www.9news.com/news/article.aspx?storyid=91809

Quote:
We recently announced pay cut reductions for the entire Frontier Airlines Holdings, Inc. officer group effective May 1. In addition, We are now asking that all employees also take a pay reduction through September 2008. At that time, we will review our financial situation and the market conditions again. We will also be suspending the 401(k) match for this period of time.

From: http://www.9news.com/news/article.aspx?storyid=91810

Quote:
Q. How much of a wage reduction will I have to take?

A. As you know Sean recently announced that he was taking a 20% pay cut and that all of the officer team would also be taking a cut effective May 1.

Graded employees making a salary less than $24,960 ($12/hour X 2080 hours) or employees in pay structures will receive wage reductions effective June 1st based on the chart below.

Pay Rate Range Percentage Reduction

$12 per hour and greater 10%

$11.50 - $11.99 8%

$11.00 - $11.49 6%

$10.50 - $10.99 4%

$10.00 - $10.49 2%

Less than $9.99 1%

Flight Crew employees will receive pay reductions based on their 70 hour guarantee. The rate will be applied to all hours paid. The following scale will be effective June 1st:

Pay Rate Range - Salary Percentage Reduction

$1950 per month and greater 10%

$1550 - $1950 6%

$1150 - $1550 2%

Less than $1150 1%

Q. How long will these reductions be in effect?

A. The plan is for these reductions to be in place until the end of September at which time the company will review its financial situation and the market conditions to determine next steps.

How much confidence do Frontier's senior leaders have in the struggling airline? Not much, according to the Teamsters Union.

From: http://www.foxbusiness.com/story/mar...anagement-demand-golden-parachute/

Quote:
Nonetheless, Frontier employees agreed to $10.2 million in labor savings. During negotiations, Teamster employees agreed to a performance bonus plan for both management and line employees.

"Suddenly, on Tuesday, management sprang on us a new severance plan that would give them pay up to six months," Fazakas said. "We would get nothing.

"We're outraged by this secret plan for a golden parachute," Fazakas said. "They concealed this plan from us throughout bargaining. They want us to have confidence in their plan to emerge from bankruptcy, but obviously they have no confidence in it themselves."


[Edited 2008-05-15 09:31:31]


Formula 1 Grand Prix Trips: YUL '08, MEL '09, BCN '10, SIN '11, and LGW '12
71 replies: All unread, showing first 25:
 
User currently offlineEWRCabincrew From United States of America, joined May 2006, 5523 posts, RR: 56
Reply 1, posted (5 years 11 months 1 week 3 days 11 hours ago) and read 7810 times:

Having been there, my heart goes out to all the F9 employees. It'll get better. Be positive and keep doing what you do best!!

[Edited 2008-05-15 09:36:00]


You can't cure stupid
User currently offlineLAXintl From United States of America, joined May 2000, 24325 posts, RR: 47
Reply 2, posted (5 years 11 months 1 week 3 days 11 hours ago) and read 7636 times:

From what I understand Frontier execs in the last couple of weeks have been to New York knocking on doors searching for DIP financing and have repeatedly come up empty handed. I suspect F9's loss rate is high at the moment, with the proposed wage reductions going someway to stem this.

In order to really have someone cough up DIP money, you really need a plan that will at least allow the corporation to tread water, while it develops a longer term viable business plan that provides some assurance of security to the DIP lender.



From the desert to the sea, to all of Southern California
User currently offlineTVNWZ From United States of America, joined Feb 2006, 2309 posts, RR: 2
Reply 3, posted (5 years 11 months 1 week 3 days 10 hours ago) and read 7571 times:

This is not good. They are obviously trying to preserve cash and if they re getting no takeers for DIPF, the end may be nearer than we think.

User currently offlineF9Animal From United States of America, joined Dec 2004, 4947 posts, RR: 28
Reply 4, posted (5 years 11 months 1 week 3 days 10 hours ago) and read 7488 times:



Quoting TVNWZ (Reply 3):
This is not good. They are obviously trying to preserve cash and if they re getting no takeers for DIPF, the end may be nearer than we think.

Actually, I have long wondered why pay cuts have not happened already. Airlines are infamous for doing this before bankruptcy. F9 has always been in the upper for pay, and I am sure it is just temp. I do feel for the fellow employees, but I am also sure they understand. Frontier has always rewarded employees when the profits are there, and never took away when losses occured. That speaks volumes about the integrity of the company, and its values. This is also clearly a sign that Menke is determined to steer Frontier through these tough times, and bring Frontier out of bankruptcy as a healthy, stronger airline.



I Am A Different Animal!!
User currently offlineServisair From United States of America, joined Jul 2006, 37 posts, RR: 0
Reply 5, posted (5 years 11 months 1 week 3 days 10 hours ago) and read 7474 times:

This is the beginning of the end for Frontier. I have first hand experience in this as the 10 Airlines I have worked for since 1980 have been through bankruptcy and only 2 are left. (Frontier & United) and something tells me I will be 10 and 0 in the next couple of years!

I loved working for Frontier as they have a great culture and a strong upper Management team. I just don't think they have a chance because of the following:

1. Bankruptcy is horrible for public relations
2. Pay cuts = people will start leaving in droves.
3. Fuel, fuel, fuel, fuel, fuel, fuel and more fuel!!!
4. Although humble and discreet at times southwest is circling for the kill. They have time on there side.
5. UA is doing there part as well.
6. No expansion to speak of. DEN is there only home.

I really do hope they make it but I said the same thing for the other 8 Airlines I worked for and they are long gone!



30 Yeras in the Biz...
User currently offlineNZblue From United States of America, joined Jun 2004, 637 posts, RR: 3
Reply 6, posted (5 years 11 months 1 week 3 days 10 hours ago) and read 7342 times:



Quoting National757 (Thread starter):
How much confidence do Frontier's senior leaders have in the struggling airline? Not much, according to the Teamsters Union.

Since when has any union expressed confidence or have any other positive things to say in any airline's management/business plan in a downturn/reorginazation, regardless of airline size or circumstance?

Being a Frontier flight attendant, I can say that, for the most part, those I know in my work group have been very supportive of the decisions management has made in order to keep the company viable for everyone. I, for one, am in support of these decisions which need to be made to attract the financing we need to not just get through bankruptcy, but to continue to fly in the future as well. The fact that management has agreed to take a higher pay cut than the rest of the employees (despite the fact that they obviously are paid more) speaks to the seriousness of matter, and their efforts do at the very least show that we are all in this together.

The bottom line is this...I have a job today; I have a job tomorrow. I have a job I absolutely love and work with the finest people I could ever ask to work with. A 10% cut is not a whole lot to be asked of when you factor in that our anniversary raises will continue as scheduled, making our pay cut more of a pay freeze than anything else. There are far deeper sacrifices that could have been asked of us. And if it indeed comes to making those deeper cuts, life is adjusted with those changes, and life goes on.

I've always lived by the rule of living below your means for situations exactly like this one. I have a comfortable lifestyle, my own personal finances are in check, and I am prepared to adjust as need be. Most importantly, I'm just as happy and proud to be working at Frontier today as I was yesterday, as I was when Chapter 11 was filed, and as I was on day one of my employment. This announcement will not affect my job morale or performance, and I will not let anyone else's attitude affect my own, be it at work or even reading the opinion of the doom-sayers on this and other message boards. I understand how tight a rope management is walking to ask for pay reductions while at the same time trying to keep morale and relations above water, especially at a workforce as generally positive and happy as at Frontier. Despite what the unions are whining about, I believe that, thus far, given our situation, management is walking that fine line well.



It's an entirely different kind of flying; all together.
User currently offlineAirplaneBoy From United States of America, joined May 2004, 548 posts, RR: 10
Reply 7, posted (5 years 11 months 1 week 3 days 8 hours ago) and read 7140 times:

EWRCabinCrew- THANK YOU for the kind words. It's great to see support from other airline employees.  Smile

NZBlue and F9Animal - Well said! I feel exactly as you both do and am not concerned about this recent decision. All industries are now being affected by the downturn in the economy and I'm happy that we are not laying off employees. This is a decision with long term effects. Granted, there will be those who will complain and be bitter, but I sincerely believe that they are in the minority at Frontier. We have GREAT employees who are very dedicated to the long-term success of the airline. I also think that our CEO's decision to reduce his pay - as well as the pay of the executive management team by 20% prior to deciding to reduce the pay of the masses speaks volumes. There aren't very many airlines that have experienced Ch. 11 who can claim that; rather, the trend has generally seen employees forced to take pay cuts while senior management rewarded themselves with raises and/or bonuses. We have great leadership at F9 and I have faith in knowing that every decision they make is not made in haste. Every decision is solely geared toward a successful emergence from bankruptcy as a healthy, sustainable, and profitable airline. In addition, it's important to understand that for every dollar that the price for a barrel of oil increases, it adds several million dollars to the company's bottom line. I am here for the long haul and am thankful, like NZBlue and many other F9 employees, to still have a job that I enjoy.


User currently offlineCubsrule From United States of America, joined May 2004, 22304 posts, RR: 20
Reply 8, posted (5 years 11 months 1 week 3 days 8 hours ago) and read 7101 times:



Quoting Servisair (Reply 5):

1. Bankruptcy is horrible for public relations

Is that why people quit flying NW, US, DL, and UA during b/k?

Quoting Servisair (Reply 5):
2. Pay cuts = people will start leaving in droves.



Quoting NZblue (Reply 6):
Being a Frontier flight attendant, I can say that, for the most part, those I know in my work group have been very supportive of the decisions management has made in order to keep the company viable for everyone. I, for one, am in support of these decisions which need to be made to attract the financing we need to not just get through bankruptcy, but to continue to fly in the future as well. The fact that management has agreed to take a higher pay cut than the rest of the employees (despite the fact that they obviously are paid more) speaks to the seriousness of matter, and their efforts do at the very least show that we are all in this together.

I think I'm going to go with the F9 employee on this one

Quoting Servisair (Reply 5):
4. Although humble and discreet at times southwest is circling for the kill. They have time on there side.

Why is time on WN's side? And how will WN effectively compete to the L4 cities or LGA or DEN?

Quoting Servisair (Reply 5):
5. UA is doing there part as well.

With Ted? What are you talking about?

Quoting Servisair (Reply 5):
6. No expansion to speak of. DEN is there only home.

Why must airlines expand to succeed?



I can't decide whether I miss the tulip or the bowling shoe more
User currently offlineAlphascan From United States of America, joined Nov 2003, 937 posts, RR: 13
Reply 9, posted (5 years 11 months 1 week 3 days 8 hours ago) and read 7059 times:

AirplaneBoy, NZBlue and F9Animal: Your attitudes and the attitudes of most of your colleagues is why I continue to fly Frontier ! Thanks very much for the great service I can't seem to find on any other carrier.


"To he who only has a hammer in his toolbelt, every problem looks like a nail."
User currently offlineMariner From New Zealand, joined Nov 2001, 24638 posts, RR: 86
Reply 10, posted (5 years 11 months 1 week 3 days 7 hours ago) and read 6936 times:
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Quoting Servisair (Reply 5):
3. Fuel, fuel, fuel, fuel, fuel, fuel and more fuel!!!

That's about the only thing that matters here. Frontier's fuel bill has gone up $85 million in four weeks. If that is what happening at Frontier, I am intrigued as to what is happening at the OAL's.

As for the rest, the Chapter 11 filing appears to have a good effect on Frontier's public relations and "humble or discreet" are not words I would associate with Southwest at DEN

I am also intrigued to know how United is "playing their part" when they have just announced a further 5% reduction at DEN.  confused 

Quoting Alphascan (Reply 9):
AirplaneBoy, NZBlue and F9Animal: Your attitudes and the attitudes of most of your colleagues is why I continue to fly Frontier !

Well said.

mariner



aeternum nauta
User currently offlineWA707atMSP From United States of America, joined Oct 2006, 2179 posts, RR: 12
Reply 11, posted (5 years 11 months 1 week 3 days 7 hours ago) and read 6891 times:

I was fortunate enough to fly on Frontier's MSP-LAX inaugural flight four years ago, and I loved every minute of it. The crew were one of the friendliest crews I've ever flown with - they did everything they could to make the passengers feel welcome.

I genuinely hope Frontier is able to get the financing they need to exit Chapter XI, so I will be able to fly again with the employees that took such good care of me!



Seaholm Maples are #1!
User currently offlineTVNWZ From United States of America, joined Feb 2006, 2309 posts, RR: 2
Reply 12, posted (5 years 11 months 1 week 3 days 5 hours ago) and read 6617 times:



Quoting WA707atMSP (Reply 11):
I genuinely hope Frontier is able to get the financing they need to exit Chapter XI, so I will be able to fly again with the employees that took such good care of me!

I have only flown them twice. But, both timees the personel were very nice and attentive. I don't want to see any airline fail, and I hope Griz can survive. But, time may be running out.


User currently offlineHiflyer From United States of America, joined Nov 2004, 2153 posts, RR: 3
Reply 13, posted (5 years 11 months 1 week 3 days 5 hours ago) and read 6605 times:

So 30 days in and no DIP financing yet so slash the salaries. I wonder if this is more trying to extend cash as far as they can than it is to interest DIP.

User currently offlineIowaman From United States of America, joined May 2004, 4312 posts, RR: 6
Reply 14, posted (5 years 11 months 1 week 3 days 5 hours ago) and read 6572 times:
AIRLINERS.NET CREW
FORUM MODERATOR



Quoting NZblue (Reply 6):
The bottom line is this...I have a job today; I have a job tomorrow. I have a job I absolutely love and work with the finest people I could ever ask to work with.

Or so you hope.



Next fights: WN DSM-LAS-PHX, US PHX-SJD. Return: US SJD-PHX, WN PHX-MDW-DSM
User currently offlineNZblue From United States of America, joined Jun 2004, 637 posts, RR: 3
Reply 15, posted (5 years 11 months 1 week 3 days 4 hours ago) and read 6510 times:



Quoting Iowaman (Reply 14):
Or so you hope.

And if I am proven wrong, then...

Quoting NZblue (Reply 6):
...life is adjusted with those changes, and life goes on.




It's an entirely different kind of flying; all together.
User currently offlineREALDEAL From , joined Dec 1969, posts, RR:
Reply 16, posted (5 years 11 months 1 week 3 days 4 hours ago) and read 6489 times:



Quoting National757 (Thread starter):
All kinds of Frontier related articles in the Denver media today. Apparently all employees including senior officers will have their pay reduced "temporarily" in order to look more attractive to potential investors.

temporarily could mean for next 5 year plus or howver this recession we had to have lasts, or until Frontier & many other carriers go out of business !!!

hey at least you've got a job for the time being - be thankful for that, many millions of others won't !!!


User currently offlineHALFA From United States of America, joined Jan 2004, 1339 posts, RR: 15
Reply 17, posted (5 years 11 months 1 week 3 days 4 hours ago) and read 6469 times:

AirplaneBoy and NZblue,

Hang in there! Keep doing what you do and do it well. I've been through two bankruptcies with HA in my career and we have survived both with hard work, perseverance, and a positive attitude and I am very confident that you guys will pull through this. You have a GREAT company to work for!
And if you ever work with a flight attendant named Kelly B. from Hawaii, please give her a hug from me, she is my sister!

Aloha,
HALFA



HNL-PEK Starts April 2014
User currently offline727forever From United States of America, joined Jan 2006, 793 posts, RR: 5
Reply 18, posted (5 years 11 months 1 week 3 days 3 hours ago) and read 6232 times:



Quoting NZblue (Reply 6):
Since when has any union expressed confidence or have any other positive things to say in any airline's management/business plan in a downturn/reorginazation, regardless of airline size or circumstance?

DALPA has been pretty positive of late about the DL/NW merger. I do agree with you most of the time however.

I said it when I was at DH and I'll say it now, it is easier to find a job when you have a job than when you are out on the street in this business. My gut says that the end is unfortunately near for a great little airline in F9 and were I working there I would be seriously looking at my options to prevent or lessen time in the unemployment line. Best of luck to all.

727forever



727forever
User currently offlineMariner From New Zealand, joined Nov 2001, 24638 posts, RR: 86
Reply 19, posted (5 years 11 months 1 week 3 days 3 hours ago) and read 6203 times:
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Quoting Iowaman (Reply 14):
Or so you hope.

Huh?

He made no claims for the future, beyond tomorrow.

mariner



aeternum nauta
User currently offlineWorldTraveler From , joined Dec 1969, posts, RR:
Reply 20, posted (5 years 11 months 1 week 3 days 3 hours ago) and read 6149 times:



Quoting NZblue (Reply 6):
I've always lived by the rule of living below your means for situations exactly like this one.

I commend you from the bottom of my heart for my wise financial management - esp. in the airline industry where changes happen far too often and usually for the negative and where any upward movement can be viewed as grounds for a splurge - only to have it all evaporate in just months.

remember that the reason the economy is in trouble is because many of your neighbors own far more than they can afford and the US at all levels is so far in debt that the only way to help the US economy is to slash interest rates to keep consumer spending going which has the effect of driving up fuel prices among other things.

Quoting Hiflyer (Reply 13):
So 30 days in and no DIP financing yet so slash the salaries. I wonder if this is more trying to extend cash as far as they can than it is to interest DIP.

unfortunately, there can be little hope. When several airlines before F9 moved right to liquidation in the BK process, it should be obvious that Wall Street has little appetite to help the airline industry even when supposedly good assets are available to collateralize the loan.

Cash generation will last for another 2 months at most and then ticket sales will drop off dramatically. It is doubtful that F9 will be the only casualty in the industry when fall comes.


User currently offlineTango-Bravo From United States of America, joined Jun 2001, 3788 posts, RR: 29
Reply 21, posted (5 years 11 months 1 week 3 days 3 hours ago) and read 6075 times:



Quoting F9Animal (Reply 4):
F9 has always been in the upper for pay

Compared to whom?

Quoting F9Animal (Reply 4):
That speaks volumes about the integrity of the company

What also speaks volumes about the integrity of F9 is that management from the top down have always been "equal opportunity participants" when pay is cut... the only difference is that senior officers and management take pay cuts of higher %s than those earning less...which is as it should be.



Quoting NZblue (Reply 6):
The fact that management has agreed to take a higher pay cut than the rest of the employees (despite the fact that they obviously are paid more) speaks to the seriousness of matter, and their efforts do at the very least show that we are all in this together.

 checkmark  As I have said in at least a dozen of my replies to various other topics at a.net... In any business, airlines included, attitudes flow from the top down -- never in the opposite direction. At F9, "that's a good thing" ...and not a good thing at the U.S. legacy airlines.

Quoting NZblue (Reply 6):
I've always lived by the rule of living below your means for situations exactly like this one. I have a comfortable lifestyle, my own personal finances are in check,

How "un-American" of you! Wink You even seem to take personal responsibility for your life...how doubly un-American Wink ....Guess that makes me doubly un-American as well Wink

Quoting Cubsrule (Reply 8):
Why is time on WN's side?

Perhaps because WN is known to have considerably deeper pocket$ than F9? While I do not agree with the opinion that WN is "circling for the kill" they are positioning themselves to take advantage of any potential reduction or cessation of service at DEN by F9 or UA or any other airline(s).

Quoting REALDEAL (Reply 16):
temporarily could mean for next 5 year plus or howver this recession we had to have lasts, or until Frontier & many other carriers go out of business !!!

Generally sepaking, at least in the U.S. legacy airline industry, "temporary" pay cuts are anything but temporary. Management gets comfortable with their new high-cost, low-wage cost structure and does nothing to return to profitability to the point that they can "afford" to restore payscales of their employees to pre-cut levels...even while upper management lines their pocket$. Based on my observation, to F9's credit, they seem to be "a different animal" (pun neither intended nor unintended) in this regard.


User currently offlineFlightopsguy From United States of America, joined Jan 2005, 348 posts, RR: 0
Reply 22, posted (5 years 11 months 1 week 3 days 3 hours ago) and read 5971 times:

The central issue here is the inability for the carrier to obtain DIP financing, which is required to keep operating. At some point, the overnight cash flow will not permit operating the next day. Possibility the increased pax volume over the summer season will help, but DIP in one form or another must be obtained. Unfortunately the woes of the industry re: fuel are occurring at the same time as the credit crunch. Without some sort of dramatic change, every carrier is in danger of being insolvent within 6-24 months. As one oil trader said on CNBC, "The irrationality of the oil market can last well beyond my personal solvency or your corporate solvency".


A300-330 BAC111/146/J31/41 B99/1900 CV580 B707-777 DC8/9/10 L188/1011 FH227/28/100 SB340 DO228 EMB2/170 CR2-900 SH330-60
User currently offlineMariner From New Zealand, joined Nov 2001, 24638 posts, RR: 86
Reply 23, posted (5 years 11 months 1 week 3 days 2 hours ago) and read 5656 times:
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Quoting Flightopsguy (Reply 22):
The central issue here is the inability for the carrier to obtain DIP financing, which is required to keep operating.

I am completely unsurprised they not have obtained DIP within a month, in this climate. I would imagine they are unsurprised, too.

Despite what has been posted here, I believe the discussions are ongoing, and already the credit market has improved from a month ago.

Not to forget they went into Chapter 11 believing they have adequate cash for the near term.

mariner

[Edited 2008-05-15 19:19:51]


aeternum nauta
User currently offlineABQopsHP From United States of America, joined May 2006, 848 posts, RR: 3
Reply 24, posted (5 years 11 months 1 week 3 days 2 hours ago) and read 5620 times:

I would have to say the stigma of BK is not like it was in the 80s with the old CO or in 92 with HP. These days all the airlines are facing difficult times. Were about to find out on monday whats going to happen here at XE. You guys at F9 need to hang in there, keep up the good work, yeah the paycuts will...shall I say...."draw air"....I took 50% at the old CO and 10% with HP. You never really catch back up, but if you love the job, which many of us do, you make adjustments.
My prayers are there for all of the F9 team and others that are lucky and crazy enough to work in this business.
JD



A line is evidence that other people exist.
25 WesternA318 : My prayers are with all of you frontline F9 employees. Thank you for all your hard work, and I hope y'all make it out of this mess.
26 Post contains links FreequentFlier : Unsurprised perhaps. The credit environment is still pretty awful after all, despite recent improvements. But 30 days into a bankruptcy without poten
27 WDBRR : very well said...I have worked for two airlines....both are gone. the last one did a pay cut and that was near the end.
28 FRNT787 : Best to F9. I love this airline dearly. My first flight ever was an F9 from DFW to DEN, and since then my passion for aviation has taken off (sorry).
29 Mariner : There doesn't seem a lot of point in discussing it, since you have made your attitude to Frontier's survival very clear. But, just for starters, I wo
30 F9Animal : CSA for example is what I meant, and ramp too. They beat UA, DL, NW, US, and even AS in starting pay, and the top out is in range with the ones I lis
31 FreequentFlier : With all due respect, my predictions about F9 have mostly come to pass. I said bankruptcy seemed inevitable. I also said F9 would regret retrenching
32 AirFrnt : This entire root on F9's death act is getting pretty old. I've worked for a company that went bankrupt, and the wage restrictions were much more sign
33 Mariner : Ah, chest-thumping. Okay: I believe I said that Frontier probably could not avoid it. I know of no one at Frontier who regrets that decision. Certain
34 Lightsaber : Good luck to all of the F9 employees. My one experience flying your airline was great. Alas, you started flying to ICT months after I stopped flying t
35 Hiflyer : Mariner said he thought they were not surprised about the difficulty getting DIP money.... I think they were surprised ....twice...first by the credit
36 B6fll : Atleast there upper management thinks they will still be around in September. I really dont think they will...Im hoping they mmake it till 2009. I rea
37 Mariner : Certainly they were surprised by the CCP action. As was most of Denver and quite a lot of Wall Street. I very much doubt they were surprised by the s
38 FreequentFlier : Not chest thumping, hence my "with all due respect" comment, because I do respect your opinion. I get the impression you don't respect mine, which is
39 StuckInCA : I've been through a mandatory 10% paycut and furloughs in the tech industry as an engineer. I sympathize. Stay positive. If things turn out well, mana
40 Post contains links Mariner : I have no argument with that statement. However, DIP financing now seems to play some part in your scenario: I note that Northwest did no have DIP fi
41 Cubsrule : I might agree with your statement in a different financial environment. However, with the credit markets rapidly improving, it seems like F9 would be
42 KingCavalier : I agree. I have no doubt that Frontier has received some DIP offers, but I like to think that Frontier can hopefully be choosers and wait for what's
43 Post contains links Sxf24 : NW sold or encumbered their assets prior to bankruptcy, which provided sufficient cash to restructure and support operations for several years. In ad
44 Mariner : i very much hope my bias always shows. mariner
45 Klwright69 : Regarding #1: With all due respect, I nearly laughed at loud when I read this, it is such utter rubbish. Being here in DEN, I can say that many peopl
46 ZKEOJ : Funnily, I always liked F9, but have never flown with them. There is just something about them that makes me believe they are "a good airline"... Havi
47 Tango-Bravo : Thank you. Not knowing the actual figures, I had wrongly thought differently. As for unencumbered assets, not even their DC-9s? ...OK, let's not go t
48 ABQ747 : I hope not. I am flying ABQ-DEN-ABQ on F9 next month.
49 LAXintl : Here is a memo to employees that came out. It's hard to believe it has only been about a month since we announced our Chapter 11 reorganization. It se
50 AirFRNT : They were surprised by when the CCP decided to do it, since it was a reflection of the overall panic that roiled the markets a few weeks ago. However
51 F9Animal : No problem bud. The starting for a CSA was about 10.16 an hour a few years back. It went up, so I think it was close to 11.00. It also was based on r
52 Servisair : My statements were meant to be generic in nature but I stand by every one of them. While I believe that F9's letters to the employees are sincere, it'
53 Hiflyer : It's sorta been a trigger in the airline industry to watch the CFO's...Tate at F9 resigned in Feb to be eff Friday March 21....the company filed Chapt
54 Molykote : ... don't we all wish!
55 Sxf24 : You're confusing contractors with airline employees.
56 Servisair : No he's not. NW starts ramp employees at $8.87 per hour! These are NW employees, NOT contractors...
57 Tom in NO : The burger-flippers down here make more than that. Good luck, Frontier...hope you all make it. Tom at MSY
58 TylerDurden : Another nail in the coffin...the handwriting is on the wall--whether some choose to see it or not. Too bad for the loyal folks. Hopefully, this will k
59 Mariner : And Frontier's precvious CFO - Steve Warnecke - resigned when Mr. Potter was appointed CEO - which was about three months before 9/11. Did Mr, Warnek
60 Sxf24 : Why do you think he lined up a new job? The old one was on a sinking ship...
61 Mariner : I've no idea. Oner could argue that the whole thing - the departure of Mr. Potter, Mr. Addoms and Mr. Tate - was stage-managed by the BOD. Certainly,
62 9252fly : It's pretty sad to read how low wages really are in an industry where cosumers expect so much in respect to their flying experience,yet those same av
63 F9Animal : I wish I was. I totally agree. It is a tough industry to survive in. It is survivable after years of service, but that really counts for those on the
64 OPNLguy : I sure the hell wish it was--then the industry would be in much better shape!
65 LongHauler : I really feel for the Frontier employees. I have worked for an airline in the Canadian version of Chapter 11 (CCAA) twice. Sometimes these pay cuts ar
66 F9Animal : This rumor sounds very possible, and one of the few rumors I would swallow. Menke is a former AC vet, so this could very well be true. It would be ni
67 NWAESC : What are you, the grim reaper of commercial aviation?! Actually, it's $9.17/hr. Not disagreeing that the rate sucks, just posting the exact info. Als
68 Frontierflyer : AC investing in F9 would be awesome! I wonder what UA would have to say about it, great if you ask me, i'd rather have F9 in DEN than a full size WN a
69 Uadc8contrail : one of my sons' baseball coachs is a F9 capt, he and i usually have the usual hows it goin on your end. tonight he mentioned that same thing long haul
70 Post contains links United1 : Well the teamsters don't see happy about Menke lining up severance packages for himself and other senior managers. Although I have to say that the amo
71 InTheSky74 : My friend that works at F9 said that before the pay and benefit cuts, not many "higher ups" expected the company to last more than 3 more weeks becaus
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