Originally Posted by
FLYBOYMATTHEW
I'm going to point fingers at decisions like building a crystal palace, a mostly empty training center, a non-contractually compliant company hotel, and the inability to attract and retain customers long before I'm going to blame sub-industry standard pilot compensation for the current financial health of the company.
My post is very clear that I am not basing NK demise on pilot wages. I clearly agree that there are many factors. It is funny to read how employee compensation should have nothing to do with profitability of a company. To extract large wage increases from a continuously unprofitable business is pure suicide. NK is seeing it now. Puffing one’s chest and declaring worth is surely true in the sense of one on the receiving end. The reality is that collecting compensation as a company continues to bleed becomes a contributing factor. I think all pilots are highly valuable but when a business model does not substantiate the expenses, the cards start to fall. I think NK management made some terrible business decisions and here we are.