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Spirit Contract Now

Discussion in 'Airline Pilots' started by Cruise, Apr 28, 2017.

  1. Cherokee_Cruiser

    Cherokee_Cruiser Well-Known Member

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    Shares. I feel like this is a more predictable gamble with Spirit. It's gonna have to go back up again or Spirit merges, in which case the combined entity stock will go high. Either way, it's gonna go way above $30. I don't see an ultimate crash / BK scenario.

    This hurricane and the damage coming to FLL is NK headquarters so the stock may tank more for the short term.
     
  2. Cherokee_Cruiser

    Cherokee_Cruiser Well-Known Member

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    The VX stock even before the first hint of merger talks, was already in the 30-mid 40 range. It then came down in lower 30s to upper 20s.


    Hell, even the guys who on stock market day 1 bought the stock at $23/share, it opened at $27 and closed for the day at exactly 30. Many guys took the automatic sell option at 5pm / business close and cashed out, knowing it would most likely go up. That was a $7 profit per share for those guys in one day.
     
  3. Cruise

    Cruise Well-Known Member

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    Too bad; although I'm fairly certain the numbers will be overwhelmingly in favor of strike anyway. We'll know in a little more than an hour.
     
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  4. wheelsup

    wheelsup Well-Known Member

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    If it's not 100% I would be shocked!!!
     
  5. Rodger Wilco

    Rodger Wilco Well-Known Member

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    When is the announcement?
    I haven't seen the stock move much at all.
     
  6. NickH

    NickH Dank Meme

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    And a few minutes later, it seems like the T/A meeting has started well...
     
  7. pete2800

    pete2800 'Member?

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    Details of meeting?
     
  8. ryan4sail

    ryan4sail Well-Known Member

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    "At 1230 on Saturday morning negotiations broke off without a deal. The Negotiating Committee will provide a full Crew Brief over the weekend. We ask that everyone please remain professional and think of our Spirit ALPA families affected by Hurricane Irma.

    The strike authorization vote passed with 100% of the pilots voting to agree to allow the MEC to call for a strike when and if legally allowed."
     
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  9. wheelsup

    wheelsup Well-Known Member

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    Not good for the stock oh boy
     
  10. Nark

    Nark Well-Known Member

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    We'll see. It went up $1.something.

    I plan on buying back in, Monday.

    With that said, it'll plunge again.
     
  11. Rodger Wilco

    Rodger Wilco Well-Known Member

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    I have my limit order in and the stock went up! Lol, shows you what I know! Maybe Monday
     
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  12. NickH

    NickH Dank Meme

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    I'll predict either a massive overreaction on Monday, or no one will notice...
     
  13. woodreau

    woodreau Well-Known Member

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    Management just released their version of their proposal. (Sigh). Fishing to see who'd bite on social media to get 51%.
     
  14. ryan4sail

    ryan4sail Well-Known Member

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    Where do I find this proposal?
     
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  15. Nark

    Nark Well-Known Member

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    Email from Bendo.
    If you don't have it, pm me your email. I'll forward it.
    My opinion...
    Those will be the rates, however the soft pay issues and other benefits have yet to be agreed upon.
    I'll give up Line bidding for PBS, for considerably better soft pay. Those pay rates, PBS and basic status quo on current CBA.
    FIRM NO.
     
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  16. Cherokee_Cruiser

    Cherokee_Cruiser Well-Known Member

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    Just curious, in the company proposal put forth, is it line bidding still or did they put PBS?
     
  17. Nark

    Nark Well-Known Member

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    No line bidding, eliminate conflicts.

    PBS.
     
  18. Cherokee_Cruiser

    Cherokee_Cruiser Well-Known Member

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    If you have PBS, by default you won't have any conflicts because stuff is pre-assigned.

    Okay, so it sounds like management wants to sell out the farm and get PBS, in exchange for......... Allegiant rates?


    That won't cut it.
     
  19. wheelsup

    wheelsup Well-Known Member

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    I much prefer PBS to line bidding as long as vacation increases in line

    Your experiences with PBS could be great or it could absolutely suck

    I would be cautious on holding out too long for incremental improvements. Get a decent contract with a shorter time period perhaps with a me too clause and be done with it. Swinging for the fences rarely works out in pilots favor.
     
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  20. Cherokee_Cruiser

    Cherokee_Cruiser Well-Known Member

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    My experience with Flica PBS is absolutely terrifically awesome. No joke.

    I'm dreading if we switch to AS line bidding system. AS pilots voted away pay protection for vacation and month transitions. So stuff that touches still drops, but you are responsible for adding trip(s) to your line to get it back above 75 hrs. Absolute horse poop! I'd MUCH rather have a PBS system than deal with adding crap back to a line.
     

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