rtseatrich
Active member
- Joined
- Feb 21, 2002
- Posts
- 37
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If you had any education whatsoever, you would understand the concept of 'creative accounting'. For example, if an aircraft is due for a C-check in January, why not pull it in on Dec 30 and use the millions in cost to offset profits for the previous year. There are hundreds of write-offs, special charges, deferred revenue and other accounting loopholes that can be used, especially during employee contract negotiations. Where did CAL find the $$$ to buy the LHR slots? How are the taking new deliveries of aircraft? How are they making a 1 billion dollars of improvements to IAH terminals? Come on and stop with the flamebait, you can't actually be that stupid, or maybe just a company sympathizer...
Yogi
BTW, I will take the payraise if we get it.
So instead of getting the London slots or doing the C check they should give the pilots a raise? Remind me to never go into business with you, you would run it into the ground.
The airplane needs a C check, it does not matter which year you debit the expense. It would just be less expense for the next year.
The London slots generate money, that simple. We need as many assets that put money into the bottom line right now.
We also need terminal improvements, it is called reinvesting the money.
If you can't see how that works you just need to stick to flying the line and pushing those buttons on the panel and collect your check when it comes in. I hope for your sake that you never lose your flying job because it appears that you don't know how to make money elsewhere (or in the rest of the real world).
BTW, I will take the payraise if we get it.
I bet that is what UAL pilots thought when they signed their contract in 2000. I would also bet that is what DAL pilots thought when they signed in May 2001.
Look at UAL now.... DAL took a while to recover, and maybe still hasn't 100% yet.
Eastern.....they are still thinking that.
I am not against a pay raise, I just want to know where the union think the money is hiding. I would really like to know that because I would like to report CAL to the SEC if that is the case.
*sigh* This exact mindset was still way too prevalent at my airline during our protracted negotiations.
For the benefit of the profession, will you please stick to flying airplanes and stop worrying about whether your company can afford raises? They have the real data....you and the union do not and never will. And if you're going to drag out those tired old UAL & DAL analogies, let's be honest and include AWA in the mix. During that time, they were the lowest paid pilots in the majors AND their airline was barely keeping it's financial head above water. Pilot costs are just not that relevant in the grand financial scheme of things.....heck, move the price of oil down $10/bbl for a year and you've just saved the entire annual cost of the pilot payroll at most airlines. Competent management and a sound business strategy (neither of which you have any influence on, BTW) make the real difference between red or black ink.
Every time you push back from the gate, you and the guy to your left are assuming responsibility for more than a billion dollars of corporate liability. You earn every nickel you are paid, deserve far more than you are currently making, and will never see a penny more unless you are willing to look management in the eye and ask for it.
I wish you all the best in your upcoming Sect 6! :beer: