Originally Posted by
gzsg
$6 billion in profits (my projection for 2015) = 29% profit sharing
$10 billion profit = 54% profit sharing
All this on top of our 20% plus date of signing C2015 hourly increase.
We don't need to fund our increases with concessions.
You forget a fundamental fact of business. When profit margins reach the 15% level capital and increased capacity flood the market. We might hit 5 to 6 billion next year but after that new airlines and more seats will pop up everywhere.
Much like OPEC the big 4 airlines in the US are trying to mine every dime they can get now with little thought to the future. OPEC has finally received the message and now wants to keep oil in the 70 to 80 range but they are to late. The question is will airline managements be to late.
Pigs get fed, hogs get slaughtered!