Originally Posted by
Excargodog
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.
On this, we agree. It's a perfectly good starting point for negotiations, which I have said, even in this discussion.
But, what I also did say (to your point about our JCBA leverage), there are many other industry leading expectations I have in pay/QOL, and those "other" priorities are ultimately more important than the distinction between profit sharing and revenue sharing. Profit sharing (or revenue sharing) is an absolute RED LINE for me, as are many other industry leading pay/QOL items. So I don't believe it's wise to use too much (greatly more than necessary) of our negotiating capital on any one item that's wildly outside of industry norms. Especially to solve a problem that so far in our industry hasn't been shown to be much of a problem.
And you have never addressed this simple question. If JetBlue could simply "accounting trick" it's way out of paying profit sharing on a properly written plan, why have they fought so incredibly hard giving it to us???
I know where your heart is on this issue, and at the core, you and I are in the same place, and on the same team. Yes, let's start the survey responses at revenue sharing. Can't have the moon if you only ask for a cheeseburger.