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Old 09-02-2019 | 12:05 PM
  #165  
701EV
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Originally Posted by watch
Just a friendly reminder that XJT is a contract airline that united pays for each departure. Keeping our labor cost down in order to increase profit margin is a Mana Air decision, not a United decision. There is a lot of talk about United owes us better QOL, or better pay. They pay our boss a fee for each departure. They do not set our pay rates or agree to our work rule demands. Mana Air does.

The CEO owns a majority of the company and has incentive to make as much profit as possible, because he 1) could sell his 51% stake for much more than what it was purchased for and 2) get a job as a major airline executive or stakeholder as he would have then turned around two regional companies from struggling to growing and profitable.
Watch, you're incorrect, the CEO does not own 51% of the company. The CEO owns 26% of the company.

701EV
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