Originally Posted by
Teamroper
Lew -
First, thank you very much for the responses. Much appreciated.
The comment convincing you that I’m industry or anti-labor was simply a comment that wall street doesn’t care about whether or not pilots get paid before them. If you want pressure coming from wall street, you have to show then why YOUR plan will make them more money. Thats all they care about. They do not care about a picket out front, especially saying you want “their” money.
Mgmt will listen to pressure from them if you can make that argument successfully. More communication and education needed!
But, true to my word - I wasn’t able to convince even you I’m not a troll so I’ll shake hands and hit the road.
Best,
The credible threat of a legal strike exerts downward pressure on capital inflows and operating revenue forecasts. In that way, it also impacts stock price. For example, the 2018 book
Introduction to Air Transport Economics: From Theory to Applications asks readers to imagine "the likely surge in stock prices and borrowing prospects for legacy carriers if laws were changed to make airline strikes and other union actions illegal."
Investors already know that the credible threat of a legal strike negatively impacts share price. They don't need to be convinced of that. Therefore, if they believed that a strike was a real threat, they would exert pressure on management to settle. However, they also understand pilot psychology. They know that pilots easily fold. Therefore, my guess is that behind closed doors they suggest that management offer pilots a 51% solution, knowing that there's a good chance that will end any threat of a strike.
As far as pickets go, there's not necessarily any overlap between a picket and leveraging the RLA. In SWAPA's case, there is barely any overlap. All that SWAPA's pickets typically amount to is a temporary emotional high for the pilots who attend a la a Tony Robbins weekend motivational seminar.
I didn't see a single news article on the most recent SWAPA picket. Another communications failure.
Pickets could be an effective tool for leveraging the RLA to the extent that investors and the public view them as representing a growing and credible threat of a strike in the not-distant future. As of yet, SWAPA's pickets are not making that association in the minds of investors and the public.