Originally Posted by
vilcas
That scenario would mean demand for transatlantic travel would have gone down significantly. I don't think we should expect for flight schedule to stay the same unless you think company should fly empty airplanes around just to provide pilots with a job. This may workout in the short term but long term that's how a company winds up in bankruptcy court severely editing the labor contracts to a leaner cost structure.
I think we need to remember pensions at this company are gone and there is nothing the pilots can do to fix this. We will not even be allowed to strike because of our size (too big to fail=too big to strike). The environment that existed for pilots 20 years ago is something management doesn't ever want to return too. They were too expensive and as labor we must realize that executive compensation does not mean we can expect similar gains. There are few of them and thousands for us. The ceo gets a 5 million dollar raise that's the equivalent to a 40 cent raise for the pilots. My point in all this is that I think we must get realistic and look at the overal gain the TA provides. I really think it is an overall gain and the cost of returning to the table will outweigh the benefit.
20 years ago? 1996?
were you in the industry at that time? Cuz my operational and economic recollections are markedly different from yours.
when i started in the airline industry we flew around with a 55% system LF and were the rock stars of the industry managing a mid single digit margin at the end of the year.
as to the cost of pensions..... probably 40% of the south side obligation cost management ZERO because it was simply an out year operational expense, and not some current year required contribution.