Originally Posted by
Balder
Sorry, but this is nonsense. Our pay is just a small piece of the expenses of the airline. If you analyze the relationship you are describing a little more in debt, you will see how flawed this way of thinking is. But don't feel bad, you are not the only one who has the same false impression.
So how small would you say it is? Here is what my flawed thinking is based on.
"Our business is labor intensive, with labor costs representing approximately 23.2%, 19.9% and 19.1% of our total operating costs for 2015, 2014 and 2013, respectively. As of December 31, 2015, we had 1,266 pilots, 2,075 flight attendants, 35 flight dispatchers, 499 mechanics, 517 airport agents/other and 455 employees in administrative roles for a total of 4,847 employees. As of December 31, 2015, approximately 73% of our employees were represented by four labor unions. On an average full-time equivalent basis, for the full year 2015, we had 4,326 employees, compared to 3,722 in 2014."