I wrote this after the Hudson landing... someone can adjust my numbers:
Just a quick observation... With all the discussion on this forum regarding pilot compensation and getting paid what we are worth, something came to mind.... I was always told that as a pilot you "never want to have to earn the money you make, for that day is a really
BAD day..."
As far as compensation... With a market capitalization in the 950 million range, USAir must have around 115,000,000 shares of outstanding common stock. Since the crash and reports that all pax are safe, the USAir stock (NYSE: LCC) is up by over 15% (as of 950a this morning). That is a value of roughly 20 million to shareholders, that is $20,000,000.
The stock was down over 20% since Jan 8th until a monumental reversal yesterday. Now these numbers are all rounded and could be a bit off, but it appears to me that the crew may be deserving of a significant pay raise (or at least some stock options...)
Just an opinion...