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Can Legacy Carriers Afford It?

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Can Legacy Carriers Afford It?

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Old 08-16-2015, 04:16 AM
  #1  
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Default 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.
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Old 08-16-2015, 04:59 AM
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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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Old 08-16-2015, 06:14 AM
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Originally Posted by gzsg View Post
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.
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?
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Old 08-16-2015, 07:12 AM
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Originally Posted by lear700pilot View Post
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?
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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Old 08-16-2015, 07:13 AM
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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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Old 08-16-2015, 07:22 AM
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Originally Posted by chrisreedrules View Post
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.
Legislation always starts with public pressure . It's time to educate the public on what is really happening. As someone said before, it has to be a grassroots campaign. Collectively, we do have the capacity to help change this situation.
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Old 08-16-2015, 07:34 AM
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Originally Posted by chrisreedrules View Post
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.
Nonsense, the profession was built on traditional unionism, today our pilot leadership sells us out for bribes, and payoffs. This couldn't be more clear.
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Old 08-16-2015, 07:38 AM
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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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Old 08-16-2015, 07:44 AM
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Originally Posted by lear700pilot View Post

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?
ALPA isn't broken, it's working as intended. What is broken are the people elected to represent you, your fellow pilots. When the pilots who are represented, stay home and ride their mountain bikes, shoot pool, and watch reruns of the Golden Girls instead of going to their local chapter meetings, this is what you get, poor representation. It's no secret that no one looks after your interests like you do, and when you leave the union reps alone they, in the absence of input from their represented constutuients, do what they think is best, for them.
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"

Last edited by ClickClickBoom; 08-16-2015 at 08:28 AM.
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Old 08-16-2015, 07:47 AM
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Originally Posted by chrisreedrules View Post
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.
This is why you slave for peanuts.
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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