Originally Posted by
inline five
Is anyone else concerned that Parker & Co are giving away money left and right? It's a complete departure from past times. With SWA, JetBlue, Spirit, and Frontier gearing up in various markets of ours, plus managements idea to burn a cool billion in stock buybacks, I'm worried we'll be the next United.
I don't mean to sound so negative, but our competitors are increasing ASM's while increasing loads while we are flat and declining.
He's not giving away money. He's investing it in his employees.... Do you think you can have a good product with completely unmotivated employees?
Doesn't it demotivate you to know you are making up to 30% less than your competitors for doing the same job? No profit sharing, etc?
There are costs in merging companies, but in the end hopefully the product will be worth more than the parts.