And the reason I’m so aggressive is that we will likely NEVER AGAIN have the leverage we will if this actually does get to JCBA negotiations in our lifetimes. It’s Negotiations 101. It absolutely doesn’t hurt to have some unique off-the-wall ask as a shot across managements bow and may well make them cave to more peer airline like profit sharing rather than run the risk of pioneering this. That would not be a bad thing. But if you don’t think companies can avoid making profits by simply doing things that will increase share price and pay their execs with shares as the capital gains accumulate you obviously have never worked in the tech sector.
Dividends are so last century. Capital gains (unrealized and untaxed until you draw them out) rule. And no, we don’t want an ESOP. The UAL pilots got taken to the cleaners with that one at UALs bankruptcy.