Meworry,
A lot of what you say also makes sense. However, a couple of things. You talk about margins and responsiblities to the share holders. Well, most of us are share holders and what about us? Since JetBlue does not pay dividends there is no direct compenstion to the share holders except the value of the stock. Which by the way is gone no where but down.
added later
You mention alot about margins, and talk about quarterly margins, the annual is forecast between 6-9% if I remembers, that means if we got a 2.5 % cost of living raise it would drop just 1%. What about the $1 per ticket to pay the employee? If management can predict operations and mx cost in the future and plan for it, why can't they plan on a 2.5-3% cost of living raise every year? Again, we are their buffer to allow them to keep going, and we don't even get a vote! At least COMAIR got to vote to get either get a pay raise or new airplanes! We get the E190 with not vote! What happened to the slow controlled growth that we were going to do with 15-18 A320s per year?
Now, if management doesn't fix the pay and benefits issue soon, there will be a new dog in town called a union, and that will definitely not be good for the profit margin. Yes, we may lose something as everything is on the table, but it will most likely be more expensive for the company than if they had just given us a cost of living raise.
Finally, the annual raise we get are not cost of living raise. They are longevity raises. They are what separate JR pilots from SR pilots. A normal contract will have both. We are stuck with only one and left to mangement to "take care us"
We are in a downward sprial, that only management can fix. And they better do it soon.
Just my opinion...
FNG
