Pilots of Spirit Airlines, represented by the Air Line Pilots Association, International (ALPA) have responded to initial analyst reports that project Spirit (NASDAQ:SAVE) will announce 2016 earnings of approximately USD 450 million, the ALPA siad.
The company´s economic success has not been shared with its pilots or other employee groups by providing any type of profit-sharing plan, unlike every other major US airline. Four major US airlines, Delta, Southwest, United, and JetBlue, signed new agreements with their pilots in 2016 that greatly enhanced take home pay and retirement benefits.
Despite industry-leading profit margins, Spirit pilots´ total compensation lags far behind their peers at comparable airlines, and that gap continues to grow as other pilot groups reach new agreements.
Meanwhile, contract negotiations at Spirit have now crossed the two-year mark. The past six months of negotiations have been with the assistance of the federal government´s National Mediation Board.
Capt. Stuart Morrison, chairman of Spirit pilots´ unit of ALPA, feels that it is time for the company to share its financial success with its pilots, and to provide industry-standard pay rates, an industry-standard retirement plan, and a share of the profits.
Founded in 1931, ALPA is the world´s largest pilot union, representing more than 55,000 pilots at 32 airlines in the United States and Canada.