vectorvictor
Well-known member
- Joined
- Oct 28, 2006
- Posts
- 355
Wind the clock back 7 years and the SWA guys were not very well paid (in terms of salary anyway). The reason SWA pilots are now well paid is because they didn't have their contract gutted in bankruptcy courts like most others. If you eliminate the latest industry downturn and the concessions the Legacy pilots took SWA pilots would still be below par in terms of hourly pay.
You are right, but they didn't get their contract gutted because their was no reason for their airline to go into bankruptcy. Its a different argument as to why they avoided bankruptcy (good business marketing plan, smart fuel hedging, low operating cost) but any way you cut it up until recently they were the only folks managing to make a buck and they did that through the downturn.
The Legacy business plans centered on high profit first class seats sold at premiums on short notice. These were the 5k walk up fares to go to LA from NY to go to visit that big customer. Companys won't pay it anymore. I can remember using travel services in my former life and never asking the fare. I was more concerned with the number of miles I was earning. Now folks shop for tickets on priceline even in the business sector. The economy passenger was a break-even weight and balance requirement. Now you have to make money on those same economy passengers to survive. Southwest pilots are paid what they are paid because their company manages to do it. I think the pilot pay rates and fair treatment of their employees is part of their success formula.