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.
Why do you people keep posting this nonsense?
You're not entitled to anything. You don't deserve anything. Pilots are all about complaining but fall real short on the doing something department. It's always someone else's problem. Alpa has been working on it for 30 years but don't worry real change is right around the corner.