Quote:
Originally Posted by BoilerUP
Mr. Stakeholder, we can accept a lower margin to recruit and retain the manpower necessary to operate this company, or we can maintain the higher margin and cease to be a going concern once our contracts are revoked due to poor performance due to lack of pilots.
Which is a better use of your capital?
If you would prefer us returning pennies on your dollar following the 1113 process, that certainly is something we can look at.
Mr. Stakeholder would simply find another vehicle to invest in.
Regionals will only make more when they can demand more from the majors, and I don't know when/if that will happen. Until then any appreciable raise in pilot pay would bankrupt most, if not all, regionals.
Skywest's $3.3 billion in revenue in 2013 only resulted in $59 million profit. Do you know how quickly that would be eaten up by a couple dollar an hour raise to pilot payscales?