I love my man Jethro, but I respectfully disagree on a a few points.
I did not get into this work without considering the long term compensation deal. However, there are several ways you can do the math.
Conventional way is salary+benefits+retirement= compensation. Lots of pros to this system...steady work, good secure pension (a/b funds, etc). Cons are you don't get retirement until 60 or so, and if company tanks (ala United/US Air) those golden parachute pensions, if not worthless, certainly can take a huge hit.
SWA model is pay+profit sharing+401k (only) +stock options=compensation.
On paper looks pretty pale compared to majors when things are going well. However, there are quite a few "stock millionares" at SWA, and while they get no huge A plan, they can also QUIT early and spend those stock options/401k dollars as they see fit. You can slam a guy for working too much or too little as you see fit, but I would think we would all agree 30-31 days off a month is a pretty darn good schedule for those guys who can retire a bit early.
JB model is very similar to SWA. However, your 6000 initial shares in your stock option are fully vested at 7 years. There could very likely be some 35-45 year old guys who could walk away from Jetblue and go try something else if they so wanted. Can't very well leave UAL, FDX, or most majors at 7 years with anything but a handshake.
There are pros and cons to any of these models, but none of them work work a darn if your company goes broke. At least with the SWA and JB models, the employees have a vested interest, both long and short term, in seeing their company succeed. Not slamming any particular major, but the constant mgt-labor battles often trap the consumer in the middle of a nasty fight, and more often then not he'll vote with his feet. Remember the UAL slowdown of 99-00?
Another point to ponder--nobody pays worth a tinker's d@mn on furlough. It takes only 1-2 years of furlough to more than offest the higher wages, as money NOW has much more value than money LATER. Chosing to go for growth or security (SWA, JB, or FDX) vice top dollar (pre 9/11 UAL, DAL) can sometimes pay off. Again...you never know what the optimum model is until you retire and look back with perfect hindsight.
As for kevetching a dude for working over 70 hours...YGTBSM! I've been on the panel going into year 3 at FDX, largely because so many guys in our own fleet gladly suck up extra trips a 1.5 pay. Do I fault them? No...working hard for money is part of the American ethic, and its legal in our contract, and doing that keeps our company "lean" and makes us not only more efficient, but it may help prevent furloughs during downturns. However, nobody at a company where folks are working extra (like FDX) or picking up green slips (Delta) should be slamming a guy for working for 85 hours a month. I have no idea what their trip rig/duty rigs are, but KC10s days off sound about like what our guys at FDX actually fly. For what its worth, rolling in at 0900 after an a.m. out and back may sound like I have the rest of the "day off", but anyone who's flown a few of those also knows you are about a worthless zombie for 18-24 hours after working back side of the clock for a few days.
And while I'm not complaining about my current situation (if fact I feel VERY blessed), my W-2 from FDX, my W-2 from the Air National Guard, and my sideline of interview prep still do not add up to what a JetBlue Captain (which I would have been for 2 years now) makes. And while there are no guarantees, I think those guys at JB will be around to make that money for some time. Those who don't spend it all now and invest 10-30% of that and keep their professional qualifications sharp will also be just fine IF it doesn't work out, and in the meantime they are making good money while those guys stuck at the bottom of a list at majors or furloughed somewhere WAIT for their big checks.
In closing...what do your folks who think JB is "damaging the profession" want them to do? Should that furloughed UAL or DAL guy (I've helped a bunch of them) NOT go give jetBlue a try? Should he work as a stockbroker, car salesman, or another profession until a better job shows up? Do you think 150-170k flying a small narrowbody as a captain is too low at a company less than 5 years old? Everyone has an opinion, but what you YOU recommend to an out of work pilot right now?
Just my 2 cents...with the standard disclaimers....
PS--Minor League...its not your helicopter or other experience that has held you back professionally. I promise....