Originally Posted by
Salukipilot4590
That's literally how EVERY other airline with PS got it. We just HAD to be different because that's the DFC way!
Times are tough? Sure we will take concessions but it will ONLY benefit those here now...screw everyone who comes later.
Traffic's bad on Pena btw!
More like hey we need concessions to survive (republic). Ok how are you going to make us whole at some point in the future? The concessions are valued at 120 million and we already have profit sharing. Equity stake. Not the first airline to do this either. Delta pilots got it in the merger. Some Jb pilots got equity early on. I guess they screwed everyone who came later.
Equity and profit sharing are two completely separate agreements/concepts. You can’t get equity if you’re not on property at the time it’s negotiated.
Equity is to make whole and to help facilitate merges. Profit sharing in theory is so we’re all rowing in the same direction.