Originally Posted by
flensr
Anyone else see these bullets in the November investor overview slides?
Slide 16, Cost Advantage Drivers:
• “Juniority” benefit
• Adding new flight crew members mitigates inflationary unit cost pressures of an aging workforce
Slide 17, Costs Expected to Trend Lower; Unit cost tailwinds are expected to come from::
• Salaries, wages, & benefits
• On a per ASM basis, “juniority” benefit helps mitigate inflationary cost pressures
So basically they're telling investors they expect to keep hiring new guys, we hope the senior guys keep quitting before they get expensive, and low pay will continue for the foreseeable future. Once again, nice to confirm where they're headed and their expectations on negotiations. And double-nice to know they really don't mind high hire/quit churn and would rather keep training up new bus pilots than make any attempt to keep the ones they've already trained.
I'm sure the chief pilots are thrilled by this mgt priority focus, since everyone quitting as soon as possible is such a big part of their business plan, it now gets 4 bullets on 2 separate investor slides.
Maybe company mgt is actually encouraging the ALPA career seminars? That would be funny.
It's a big freaking game of chicken. They are slowly fooook'n themselves. They know it, we know it