Originally Posted by
NovemberBravo
I couldn't listen to the full phone conference. Are we looking at industry average for the next contract?
Pretty much. They were extremely vague about the changes they are aiming for in the new contract, which leads me to believe there aren't any. They kept referencing the company's financial audit and how profit margins are razor thin compared to what they were 5 years ago, which is true of most regionals according to them. It didn't sound very optimistic at all.
I doubt I'm the only one who feels this way but there's going to have to be eventual contract gains across the board to get people in the door. If the labor supply actually dwindles and the regionals can't raise pay while still turning a profit, then maybe we need to think about burning this part of the industry down and starting over.