Originally Posted by
newKnow
If they can make proffits with oil at $95 a barrel they could have afforded our pay rates of 5 years ago. They do what they want to do and we just "dance on a string held by the bigshots."
It's going to be interesting negotiations when the sabre rattling with Iran stops and the pen-striped suits of Wall St. lose their glutes on oil futures.It's important for SWA to hold the line, and for the rest of us to, "take it back." I'm not trying to kill the golden goose, but get back SOME of what we lost. I too agree that if an airline has repetitive 200M quarters at 80+ oil, then at 60-70 oil, net profits should exceed a billion easily. The question is can we get the futures trading under control? I know there are a million other geographical and geopolitical reasons for high oil, but as far as I'm concerned the futures traders are the biggest culprit.Tom