Originally Posted by
gonyon
The REAL question anyway is whether you really think your 5% wage concessions affect avoiding bankruptcy or not. I don't believe it will. I think we are headed there sooner or later. It's kind of business as usual for airlines.
Let me add to this. The REAL question is will ANY wage concession avoid bankruptcy.
We all think very highly of ourselves but we are only a single part of the cost equation. Much smaller than aircraft costs, fuel and maintenance.
There isn't a single american airline out there from Legacy down to the smallest regional that the pilots get paid too much. SW pays their pilots more than our 777 Captains and they have posted a profit every quarter for the last 30 years except for what....two? Delta and American pilots get paid about the same right now and Delta posted a 1.4 BILLION dollar profit this year and American is BK. Pilot pay obviously didn't make or break them. Keep this in mind when anyone thinks their pilot pay will save the company's demise.