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Old 06-08-2017 | 09:21 PM
  #16098  
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Crazy Canuck
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Joined: May 2012
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Originally Posted by rmr1992
"many of us suspect they'll drive us into bankruptcy to force us into a contract that's as bad or worse"

This kind of hyperbole is ridiculous. While I agree they have zero desire to pay us what we are worth, driving the company to bankruptcy just to avoid paying us is an absurd statement. The losses incurred in such a maneuver would far and away outstrip any "savings" from a concessionary contract. Think about it. This company generates just under 2 billion in revenues and turns a smallish approx average profit of 74 million (average the last 5 years,taken from the most recent annual report). With 1800 pilots, an average 40,000 per person raise is approx 72 million (which still leaves 2 mil in profit). Moreover the company has capital reinvested, on average, almost half a billion per year the last 4 years... therefore the $ exist to still grow the business, show a profit and pay us what we are worth. Thus the aforementioned statement really Makes no sense. Nobody takes a profitable company and drives it into the dirt just to avoid paying the employees. Let's leave the hyperbole to the gridlock and stupidity of the polarized politicians in Washington, they are way better at it anyway.
I think that the intent of where this message about "bankruptcy" originated from was not to suggest that the managers would rather bankrupt us than pay us, but rather that their actions could potentially bankrupt the company if they do not get their act together soon and stop the bleeding that is pilots leaving at an alarming and unprecedented rate.

Which is still very far fetched and a very high level of rhetoric, IMO. But there is no question we have stunted our growth due to that.

To anyone reading these boards, why you would turn to it for reliable information about what this place is like is beyond me. You get the 2% of the group that is most ****ed off and come here to vent and that's about it.
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