Originally Posted by
sweetholyjesus
Interesting indeed. At least back in the day they were smart enough to secure long-lasting gains to protect their future (1.5% raise per year, for example). That kept us above industry average for a while. Still does if you take away the bonuses other people get. But nowadays pilots and their MECs jump at short term payouts and shinier planes. Times sure have changed.
Yes, and I believe back in the day the Regionals actually owned many of their routes and slots. Piedmont had the same deal under Henson and when JetPiedmont saw the money from those routes coming in they decided to buy Henson.
I could be wrong but I think AWAC had some really money making routes and when United couldn't get their hands on them they decided to just buy'em and gut'em to get them.