Originally Posted by
gzsg
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.
I and everyone on here agree with you and know this is correct, but how do we fix it? I'm all on board with being apart of the solution to help. My decade of being at the regionals and in the left seat has yet to allow me a year to make over 85k. I have been on reserve the whole time and even as a captain I can't credit enough to make six figures yet. I'm not making this up and am posting this to let it be known that the pay in the left seat can be very subpar for the level of responsibility and cost of our training and education.
We all know ALPA is a broken environment and doesn't represent the airlines as a whole appropriately, but how do we all unite to create a standard in compensation that rewards all appropriately?