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Old 09-17-2005 | 07:15 AM
  #7  
B767flyr
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Any of you LCC pilots tempted to gloat over your good fortune better think twice while you're drinking company Kool-Aid, "whistling through the graveyard" in your mostly lower pay, five year-renewable employment contracts and marginal retirements. While your airlines are healthy, they have succeeded dumbing down pilot pay and retirement benefits with you all as willing accomplices. News flash: There are thousands of twenty-something RJ weenies living in their parents' attic chomping at the bit to do it for a fraction of your pay. And yes, SWA is maturing and is facing increasing pressure on labor costs and yes, fuel costs in the future. They are very successful, but Herb and his legacy ain't gonna live forever. I hope for the SWA guys, it does. The rest of the LCCs will follow suit as they mature and employees increasingly want a piece of the prosperity and costs will go up and growth will stop. In the meantime, the legacy carriers will clear their balance sheets in ch. 11 and come out the other side with little debt, no pension obligations, LCC pay/benefit cost structures and huge networks...maybe more mergers. They will become more like you in their cost structure only they'll have more RJs on domestic routes and big jets on highly profitable international routes. Maybe some or all legacy carriers will go the way of the dinosaurs, or maybe they'll eat your lunch and you'll be furloughed and be forced to go back to active duty military, corporate, or regional flying...or a day job in your college major. Your jobs replaced the legacy jobs and regionals could replace yours. It's all a cycle. Enjoy it while it lasts...this career is a roll of the dice and nobody is immune from hard times.
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