Originally Posted by
gloopy
Funny thing is, in their lame B-school attempt to throw a lifeline to cheap labor, they are really laying the groundwork for incredibly high costs they will have to shoulder. 6 figure flight training (on top of 6 figure degrees) just to shave a few month's of time building off the carriculum and 5 figure retention bonuses, etc. are going to cost them way, way more than just fixing the pay to begin with.
You seem to be under the mistaken impression that today's airline executives give a rats behind about tomorrow's problems. THEY DON'T!!!
To them, it's all about
THIS fiscal quarter and
THIS bonus period! They couldn't care less about their airline's ability to staff cockpits five years from now, because chances are that in five years, these MBA-toting geniuses will have padded their résumés (and their stock portfolio) and will have moved on to another job, tightening the screws on yet another business entity,..... all in the effort to further burnish their résumés and reputations as today's brilliant industrial titans. They'd rather see their airline cease to exist in 5 years, as opposed to losing of a few bucks from their bonus check(s) because they had to give regional pilots an extra dollar per hour.
By the way, (and to be fair), this mindset is not unique to the airline industry. It's rampant throughout corporate America.