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Old 08-16-2015 | 04:16 AM
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gzsg
Gets Weekends Off
 
Joined: Oct 2009
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Default Can Legacy Carriers Afford It?

Almost all regional carriers feed legacy airlines.

Your management paints a picture that they would love to increase your compensation, but they simply cannot be profitable.

THE SIMPLE FACT IS THE LEGACY CARRIERS ARE RETURNING BILLIONS TO THEIR SHAREHOLDERS IN STOCK BUY BACKS

What does a stock buy back mean?

It means the legacy carrier is so incredibly profitable they have no use for the money, so they are giving it back to the shareholders.

Think about that. They have no use for these profits. They choose not to invest these profits in you.

They do not need this money to invest in,

New aircraft

Better facilities

Reducing debt

Reductions pension obligations

Eliminating bankruptcy concessions imposed on their employees

What do the finest investors in the world think of stock buy backs?

A complete waste of money.

When management tells you they cannot afford to increase pilot compensation to appropriate levels, simply respond,

NONSENSE

NOW IS OUR TIME

BE PART OF THE SOLUTION

Social media is the key. Spread the word and be part of the solution.
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