Originally Posted by
OpenClimb
My hope is that anything that gets us beyond this fix-and-flip stage will be beneficial to the pilot group.
I think even our draconian management team knows that some of the stuff they're pulling now is not sustainable in the long run. For now though, it makes our numbers look 0.007% better so we do it.
Once we're owned by someone (general public via an IPO or another carrier via a merger) who's interested in running an airline for the long term, I think conditions will improve.
But I've been wrong before.
The only flaw in your logic is that lately shareholders are only concerned with short term profit. No one seems to want to do the slow but steady pace and make money over the long term. Spirit is suffering from that same dilemma. It seems Wall Street is fine with labor strife as long as the next quarter profit looks good.