Can Legacy Carriers Afford It?
Almost all regional carriers feed legacy airlines.
Your management paints a picture that they would love to increase your compensation, but they simply cannot be profitable. THE SIMPLE FACT IS THE LEGACY CARRIERS ARE RETURNING BILLIONS TO THEIR SHAREHOLDERS IN STOCK BUY BACKS What does a stock buy back mean? It means the legacy carrier is so incredibly profitable they have no use for the money, so they are giving it back to the shareholders. Think about that. They have no use for these profits. They choose not to invest these profits in you. They do not need this money to invest in, New aircraft Better facilities Reducing debt Reductions pension obligations Eliminating bankruptcy concessions imposed on their employees What do the finest investors in the world think of stock buy backs? A complete waste of money. When management tells you they cannot afford to increase pilot compensation to appropriate levels, simply respond, NONSENSE NOW IS OUR TIME BE PART OF THE SOLUTION Social media is the key. Spread the word and be part of the solution. |
People need to realize that the scam that is corporate america today needs to be put to an end...now. It's time to stop raping the middle class and hard working people. Most people don't realize that we have the power. We are the ones giving them hundreds of millions in bonuses and accepting this fact. Capitalism is a great idea, but greed has completely taken over. This cancer needs to be eradicated from our system or the system will fail.
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Originally Posted by gzsg
(Post 1950217)
Almost all regional carriers feed legacy airlines.
Your management paints a picture that they would love to increase your compensation, but they simply cannot be profitable. THE SIMPLE FACT IS THE LEGACY CARRIERS ARE RETURNING BILLIONS TO THEIR SHAREHOLDERS IN STOCK BUY BACKS What does a stock buy back mean? It means the legacy carrier is so incredibly profitable they have no use for the money, so they are giving it back to the shareholders. Think about that. They have no use for these profits. They choose not to invest these profits in you. They do not need this money to invest in, New aircraft Better facilities Reducing debt Reductions pension obligations Eliminating bankruptcy concessions imposed on their employees What do the finest investors in the world think of stock buy backs? A complete waste of money. When management tells you they cannot afford to increase pilot compensation to appropriate levels, simply respond, NONSENSE NOW IS OUR TIME BE PART OF THE SOLUTION Social media is the key. Spread the word and be part of the solution. We all know ALPA is a broken environment and doesn't represent the airlines as a whole appropriately, but how do we all unite to create a standard in compensation that rewards all appropriately? |
Originally Posted by lear700pilot
(Post 1950252)
I and everyone on here agree with you and know this is correct, but how do we fix it? I'm all on board with being apart of the solution to help. My decade of being at the regionals and in the left seat has yet to allow me a year to make over 85k. I have been on reserve the whole time and even as a captain I can't credit enough to make six figures yet. I'm not making this up and am posting this to let it be known that the pay in the left seat can be very subpar for the level of responsibility and cost of our training and education.
We all know ALPA is a broken environment and doesn't represent the airlines as a whole appropriately, but how do we all unite to create a standard in compensation that rewards all appropriately? |
You can start by not voting in concessions. Not one single one. Educate everyone you fly with that airlines are profitable and there should only be gains for its employees not cuts. Tell your union to demand high wages when they meet at the table with management. Not 1% raises, big raises.
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Originally Posted by chrisreedrules
(Post 1950282)
It doesn't get fixed at the labor level, we are way beyond that. As much as it pains me to say it, I believe it will take legislation.
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Originally Posted by chrisreedrules
(Post 1950282)
It doesn't get fixed at the labor level, we are way beyond that. As much as it pains me to say it, I believe it will take legislation.
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At one time, we lived in a society where people would sacrifice for the common good, so that somewhere down the line, the next generation or a few generations later, the problem would be fixed and that generation would not have to face the same issues of the previous generation. Look at the formation of labor rules and unions due to the industrial revolution at the turn of the century. In those cases, businesses worked people like slaves in unsafe working conditions, they often endured gross injuries or were killed, and when they did not perform adequately, they often were physically harmed or killed. To "stand up" to it required placing the common good ahead of themselves, not so their problems would go away, but so future generations would not have to endure the same. I'm not sure this will ever happen in our current society that places the individual above all else. I'm not saying you have to get shot, like MLK, but he didn't stand up for what he believed so his life would be better.
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Originally Posted by lear700pilot
(Post 1950252)
We all know ALPA is a broken environment and doesn't represent the airlines as a whole appropriately, but how do we all unite to create a standard in compensation that rewards all appropriately? Let's face it, anyone who wants to hang out with management pogues is retarded to begin with. "Standard in compensation that rewards all appropriately" You want more money? You gotta pry it out of their greedy, gluttonous hands, and that requires the heavy lifting of "union work" |
Originally Posted by chrisreedrules
(Post 1950282)
It doesn't get fixed at the labor level, we are way beyond that. As much as it pains me to say it, I believe it will take legislation.
I hear you can get a job in Seattle, where the minimum wage is $15.00, go there and flip burgers, please.... |
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