Chimpy

https://www.fool.com/investing/2017/09/15/is-there-a-first-class-airline-stock.aspx


Favorite clip

Levine-Weinberg: Yeah. That's true. Some of the savings in fuel costs has been offset in increases in labor costs, and you see that particularly on the pilot side. For a lot of these airlines, the pilots alone could be 15% of the labor force, maybe 20% at most, but they're making 40% of the payroll, or close to that.

Priestley: Which I'm OK with.

Levine-Weinberg: Yeah, you want your pilots to be making enough money that they're happy and well rested and content and going to fly the plane well. But it does mean that they have a lot of bargaining power, so you've seen pretty substantial wage increases for pilots, to the point where the wage rates for the captains with experience flying overseas routes, the wage rate is over $300 an hour at most of these carriers today, which is a lot higher than it was just five years ago.




Imagine that?, you want the Pilots who are responsible for peoples lives & multi-million dollar A/C to be well taken care of?

AMAZING CONCEPT

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