Spirit Pilots Respond To Airline's Second Quarter Financials | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.20.24

Airborne-NextGen-05.14.24

Airborne-Unlimited-05.15.24 Airborne-AffordableFlyers-05.16.24

Airborne-Unlimited-05.17.24

Thu, Aug 04, 2016

Spirit Pilots Respond To Airline's Second Quarter Financials

Still No Pilot Contract Despite Airline Profits, Union Says

The pilots of Spirit Airlines, as represented by the Air Line Pilots Association, Int’l (ALPA), responded to Spirit Airlines’ financial results for the second quarter of 2016, which were announced on Friday, July 29. The company reported an adjusted net income of $78.5 million, an increase of 4.9 percent compared to the same quarter in 2015. This comes just a month after the pilots sought mediation from the National Mediation Board in order to achieve an amended contract.

“The success of Spirit Airlines is directly attributable to the work, dedication, and professionalism of this pilot group,” comments Capt. Stuart Morrison, chairman of the Spirit unit of ALPA. “We’ve been at the negotiating table for almost 18 months seeking industry-standard compensation. The company is clearly in a financial position to meet this demand.”
 
In the last year, Spirit Airlines earned over $300 million and currently has over $1.0 billion in cash and cash equivalents. The nearly 1,500 Spirit pilots are currently operating under a five-year contract that was ratified in August 2010, when the airline had approximately 400 pilots. This month marks the one-year anniversary of that contract becoming amendable.
 
“Spirit Airlines consistently posts greater profit margins than its competitors, while we work at rates that are close to the bottom of the industry,” continued Capt. Morrison. “We encourage Spirit management to come to the table with an economic offer that recognizes this pilot group’s contributions and brings our compensation in line with the industry.”

(Source: ALPA News Release)

FMI: www.alpa.org

 


Advertisement

More News

Airborne 05.20.24: Van's BK Exit, Bud Anderson, Air Race Classic

Also: ALPA Warns, Aviation Meteorology Reference, Jennifer Homendy Re-Ups, CAF Tampa Bay The court has approved Van's Aircraft's bankruptcy reorganization plans, settling a stressf>[...]

Airborne 05.20.24: Van's BK Exit, Bud Anderson, Air Race Classic

Also: ALPA Warns, Aviation Meteorology Reference, Jennifer Homendy Re-Ups, CAF Tampa Bay The court has approved Van's Aircraft's bankruptcy reorganization plans, settling a stressf>[...]

ANN's Daily Aero-Term (05.18.24): Flameout Pattern

Flameout Pattern An approach normally conducted by a single-engine military aircraft experiencing loss or anticipating loss of engine power or control. The standard overhead approa>[...]

ANN's Daily Aero-Linx (05.18.24)

Aero Linx: VC-25 - Air Force One The mission of the VC-25 aircraft — Air Force One — is to provide air transport for the president of the United States. The presidentia>[...]

ANN FAQ: How Do I Become A News Spy?

We're Everywhere... Thanks To You! Even with the vast resources and incredibly far-reaching scope of the Aero-News Network, every now and then a story that should be reported on sl>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC