Southwest acknowledges Berkshire Hathaway
#11
You guys have something good at SWA, which is why it is the only airline I'm applying to. If WB gets you, you will see "Luv" go away. Your culture will be gone. If WB obtains you, it will ALL be about making him money, and it will cost you.
#12
Gets Weekends Off
Joined APC: Oct 2010
Posts: 662
I think you're lumping BH in with the KKRs and Bain Capitals of the private equity world. Not really a valid comparison, IMHO. The recent announcement of BH selling off Applied Underwriters not withstanding, Warren almost never sells companies...he plays the long game.
Having said all that, I'm still hoping it doesn't happen.
#13
Gets Weekends Off
Joined APC: Mar 2017
Posts: 588
I’m not interested in flying for another “wholly-owned subsidiary”. I came here to get away from that corporate game, and that’s what WN will become. I’m sure we’ll say good bye to our profit sharing right along with LUV, too. There is no “profit” for a privatly owned wholly-owned... it all gets moved to uncle warren’s pocket.
That’s just one example of how bad this can go.
No thanks!
This is why I keep my logbook current.
That’s just one example of how bad this can go.
No thanks!
This is why I keep my logbook current.
#14
Gets Weekends Off
Joined APC: Jan 2017
Position: Pilot
Posts: 510
If the pilots don't sign substandard agreements the union will be involuntarily neutered.
Berkshire wins. All the time.
#15
Line Holder
Joined APC: May 2018
Posts: 79
Nowhere in that article do I see SWA acknowledging anything more than the fact that there has been speculation by others - they certainly aren't acknowledging any talks.
1. Someone makes a wild speculation.
2. SWA states they don't comment on wild speculation.
3. The interweb blows up because SWA stated the above.
1. Someone makes a wild speculation.
2. SWA states they don't comment on wild speculation.
3. The interweb blows up because SWA stated the above.
"There has been speculation circulating that Warren Buffet might be looking to acquire an airline for some time, and that Southwest might be a good fit," Southwest says in a statement. "As a policy, we do not comment on speculations but appreciate Berkshire’s continued support of Southwest Airlines."
#16
Gets Weekends Off
Joined APC: Mar 2017
Posts: 705
Please. NO! I have been trying to get AWAY from working at the BRK owned fractional I am at for years, and now they are chasing me. SWA absolutely WILL lose every shred of its unique culture if BRK acquires it. You will see the best airline job (IMO anyway) turn into the same angry UAL and AA culture. Fight this tooth and nail.
#17
They do better at negotiating and leverage than the union. They'll successfully create a toxic culture where the pilots become paranoid, threatened and scared during even the best economic times.
If the pilots don't sign substandard agreements the union will be involuntarily neutered.
Berkshire wins. All the time.
If the pilots don't sign substandard agreements the union will be involuntarily neutered.
Berkshire wins. All the time.
#18
#19
Gets Weekends Off
Joined APC: Jan 2018
Posts: 1,787
No. They’ve had their own in house for years.
NJ’s is the best fractional to work for, but frac flying is hard work, isn’t compensated at the same level as major 121 operators, and the upgrade into small jets takes forever.
It’s not that BH made NJ’s a terrible place for pilots. They overwhelmingly approved their last few contracts. It’s that fractional flying doesn’t hold a candle to legacy/LCC flying now that the lost decade is over, and the majors need bodies badly.
The market changed, and many aren’t content to bide their time in the 91k world anymore.
NJ’s is the best fractional to work for, but frac flying is hard work, isn’t compensated at the same level as major 121 operators, and the upgrade into small jets takes forever.
It’s not that BH made NJ’s a terrible place for pilots. They overwhelmingly approved their last few contracts. It’s that fractional flying doesn’t hold a candle to legacy/LCC flying now that the lost decade is over, and the majors need bodies badly.
The market changed, and many aren’t content to bide their time in the 91k world anymore.
#20
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