SenecaII

Ha...scum


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penaltybox

Relax. I agree with the point you were making but you can't call someone an idiot if you don't know the difference between "your" and "you're".

flyingreasemnky

Wait, RAH pilots should be happy to see the same starting wage that Commutair has flying a Dash 8 to fly an ERJ 190?!?! You must be management and/or delusional to think that is an acceptable pay rate. RAH pilots turned down a TA that was concessionary in so many ways it wasn't even funny and didn't even contain industry standard cancellation pay. RAH is trying to low ball its pilots and pay less than 50 seat operators to fly jets that hold up to 100 passengers. BB and his cronies are definitely not doing anything to make the industry better.

tom11011

You mean better for you? Shareholders probably think they are making the industry better big time. Depends on your point of view.

flyingreasemnky

No, for the industry as whole. Minority shareholders probably think its great for the short term as all they care about are the quarterly profits. If they are a long-term large investor, they will be crying into their beer in about a year or two.

BB dragging his feet on a contract to pay pilots a respectable wage will result in him parking 170s before long as he can't attract new pilots and can't retain the ones he has. With TSA adding to the attrition to Mesa, PSA and PDT from the bottom of the list, his staffing problem will increase exponentially. He has already committed to parking everything but the 170s to solve his staffing issue so he has no other options left. During the same time RAH accepted 4 new aircraft this summer, the pilot list shrunk by 35 pilots.

He has even publicly admitted that he can't bid on new flying because he can't staff it. His current business plan is to just switch to the more profitable 170s but keep the same amount of airplanes overall. I don't think he will be able to even pull that off at the current attrition rate.

I'm leaving because it doesn't look good at RAH long term and TSA provides a chance to finally see my pay increase to a livable wage.

sqwkvfr

But shareholders aren't vested in the industry, are they? They can move their funds from one sector of the economy to another with a few clicks of a mouse.

Just because the opportunity for them to make money in the craps game that is the stock market doesn't, for a second, mean that the industry in which they are betting is being improved by the management of the company in which they are investing.

A perfect example is JetBlue's recent cave to a few industry speculators by adding seats (losing seat pitch --for which Jetblue was always appreciated--) and charging for bags. It bothers me greatly that a few people armed with financial blogs can advocate for a major shift from the customer and to the shareholder and actually win.

But, hey; JetBlue's stock jumped 4% that day, so it must be right, correct??

tom11011

That's what you get when you are a publicly traded company. By law your duty is to the shareholder. If you want to stay a privately held company, then you can pretty much run it the way you see fit, you can be customer focused.

Paid2fly

It's been proven that taking care of your employees is good for the shareholders. The well compensated employees feel appreciated and take better care of their customers. The customers are happy and recommend the airline to others as well as become repeat customers. This allows the airline to grow and produce bigger profits/dividends.

SevereClear1

Except in the airline industry, where the biggest factor is the cheapest ticket, and the name on the outside of the aircraft only small barely mention the airline it is actually flying for.


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TheWrightStuff

This. A thousand times this. Search cheap on google, and your first dozen results are for cheap airline tickets and cheap hotels. Unfortunately, the airline world appears to be flat to most customers. All they care about is getting from Point A to point B at the lowest rate possible. In an industry where most of your company's income is reliant upon ticket sales and load factor, the airlines struggle to turn a profit unless they can offer the lowest fares to attract the most customers. It's a crappy game and employees often are the least common denominator.