Nope it has nothing to do with Pilot salaries, example... United pilots could have flown for free for the past year and the company still would have continued to lose money. These airlines have yet to adapt to post deregulation, and still operate a flawed business plan that has them relying on umpteen safety nets below them..
What do most companies do during the "good times" of a cyclical track... They save money like crazy.. nope not the airlines, they spend it like crazy.. Here I'll take AA as an example... How many airlines did they buy up and merely dismantle!!! Reno... oh yeah they were really a serious threat so buy them up and dismantle... TWA, buy them up and dismantle... They have yet to buy an airline up and become more viable, they just dismantle and find themselves a small percentage larger, hardly sound investments... Then comes economic downturn... OH NO, we don't have adequate cash reserves!! Lets start funneling money off to the side for our salaries and pensions in case things really hit the fan...
POOR MANAGEMENT.... YES THE GUYS THAT FORM THE BUSINESS PLAN AND MAKE THE BUSINESS DECISIONS have put their individual companies in this state, not pilots or labors salary.. Labor costs are basically a fixed expense for so many years that you use to plan with.. It is to their advantage that they can now exactly how much labor will cost them for 4-6years, heck fuel costs are harder than labor costs, so that's why they hedge.
There has been no accountability of the folks in charge, making piss poor decisions, failing to adjust ticket pricing (you know all those stupid rules from regulation days... oh yeah the ones that SWA, JBLU, Frontier don't have.) Instead in our industry, unlike any other sector, they fail to plan and run to the gov for aid... and that was long before skyrocketing insurance costs.. That is their plan.. I want some new thinking running my airlines... Maybe that is those other airlines secret success, b/c now we find ourselves needing radical changes.. Gosh we need fewer fleet types, we need more streamlined operations (utilize planes for more than 8hrs a day) and all b/c they failed to plan.. Isn't that how you manage your personal lives, I do.. I try to plan for a rainy day and not get caught with my pants down, I guess airlines are exempt from thinking like this...
Man this fires me up,
canadflyau