Thread: Allegiant Air
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Old 03-15-2015 | 07:19 PM
  #2134  
disco inferno
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Originally Posted by clunkerdrv
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!
So Southwest is a lion and Allegiant is a mouse huh? What is you think makes Southwest so wonderful? Yes they are profitable. They are also a rapidly maturing airline. They don't have the ability to grow domestically more than they already have. They have little retirements comparatively to the legacies and increasing labor costs. Their profits aren't exactly stellar these days.

Allegiant been around as long as Southwest, but post bankruptcy they have had 48 consecutive quarters of profits. Their business model is working and it would seem that it will continue to work for the foreseeable future. You are right about management needing to reward it's employees not only for their efforts, but they also need to pay market rates for the services their staff provide. Allegiant is woefully under paying their pilots for sure. The good news is that they can afford to pay more, much much more and still be profitable. Allegiant management is playing a game right now. They are merely stalling the inevitable as long as they can. It's up to Allegiant pilots to fight for a fair wage. We also can't allow ourselves to be duped by the notion that we are worth less because of our business model. Allegiant pays the same for fuel, parts and attorney fees as the legacies. they also operate the same equipment. With that in mind, Allegiant pilots also deserve the same wages.

To those that think Allegiant close up shop if they have to pay higher wages, I say you are insane. Allegiant is a business. Like any other business you will keep doing what you're doing as long as you can make money. I don't know of any business that closed up shop that was profitable for the purpose of spiting it's employees. This isn't personal guys. Management will do what they can to make as much as they can as so should we. We can have it all because Allegiant profits permit it. It;s up to us to fight for it and take what's ours.

Keep showing up to work well groomed and pressed. Thank our customers and smile. We will all be fine in the end.