Originally Posted by
disco inferno
Isn't every company meant to make owners and inverstors rich? That is the whole point of being in business. The legacies or any other airline for that matter exist not to provide you stable employment, but to make as much money as they can. As soon as any airline consistently starts losing money, one can expect the plug to be pulled. So far, Allegiant has proven very successful at making money and that in turn can be good for the labor groups. It's pretty hard to negotiate pay raises with a company that does nothing but lose money.
SWA is no sure thing. No place is for that matter. The 10 plus year upgrade would give me pause for wanting to go there. To each their own though.
Yes a publicly owned company is there to make the shareholders wealthy but it is also the duty of the CEO/board of directors to keep the shareholders investments safe as best they can for continued growth and stability, hence "fiduciary" responsibility to the shareholders. I'm all about investors making money because they take the risk by putting their own money in BUT in that, there can also be the ability to properly pay and treat the employes that helped them rise.
This reminds me of Carneggie, Vanderbilt, J.P. Morgan and Rockefeller. Each of these men had huge companies that made them the wealthiest men in America but in their greed/ego to outdo one another, they started "cutting costs" to increase their profitability. They cut pay to their employees and made them work more hours in a less safe environment for that extra gain. What happened next? Unions rose....Interesting how we never learn from history yet it keeps repeating itself....
Your comment about sitting right seat at Southwest for 10 years? There's a saying in spanish and i'll translate to the best of my efforts: "it's better to be the tail of a Lion than the head of a mouse" Basically, I'd rather be a 10 year FO at Southwest with great benefits, pay and contract than a 15 year CA at Allegiant where all it takes is you missing an MEL or having some issue where your job is on the line.... And if it's just about you not wanting to pull gear? Drop the pride, this is all about making $$$ not how many stripes you wear. Oh and I don't work for Southwest
Nuff Said!