Originally Posted by
All Bizniz
If for them it's all about profitability and keeping their share holders happy, then trying to remain one of the darlings of Wall Street will be a part of the calculus that influences what they ultimately do.
They are probably asking themselves, if this tight pilot labor market is really going to be a thing, do we shrink as needed, while continuing to milk the benefits of the old contract for as long as possible; or do we quickly agree to a decent contract, take a short term hit on our profits, but make up for it with strong future growth, due to the fact that we are able to attract and retain the pilots needed to support this growth?
AS is a VERY financially conservative company, so they love to build up big profits during the good times, so that even during bad times, they are still somewhat secure, especially compared to their industry peers.
They do this by being penny pinchers, paying as little as they can get away with for labor, goods and services, and it has been a winning strategy for decades.
They are LOATHE to change that mindset, so we will see if they eventually bend to the reality of the times, or they somehow continue to miraculously operate in the bubble that is so integral to THEIR philosophy of success.
I think this is all an important point - what this place needs is bigger than just a contract, it's a
drastic attitude adjustment. A contract is obviously an enormous part of that, and the most important part, but a new contract doesn't necessarily force them to stop running system bids with paper and pencil, or to put the 10-7's back in the Jepps like every other real airline, or move to a payroll system that allows people to actually decipher their paychecks, or pay a guy for the probably 2hrs it would take to design a bulletin system that's capable of only sending Airbus bulletins to Airbus pilots and Boeing bulletins to Boeing pilots, etc, ETC ETC. EVERY aspect of this airline, including but far from limited to our contract, is hopelessly outdated because of management's religious adherence to being
fiscally responsible CHEAP.