I'd much rather be in the bottom 10-20% of seniority at SWA than Delta.
I agree with you, yes, but the forward looking people would rather be in the bottom 10-20% of JBLU rather than SWA...and in 15-20 years they would rather be in the bottom 10-20% of FUTUREBLUEWESTJET THE NEW LOW COST CARRIER. This is what the walmart effect will have.
Two of those four still exist and it will be down to one soon. You can complain all you want about the LCCs being like Walmart. But Walmart took over and put many other stores out of business, good luck fighting them.
Walmart is now having problems with unions and other items of a carrier that is no longer growing at a huge pace. Would you rather work for Walmart and get min wage and 100 shares that grow at 10% a year, or Future mart for min and 50 shares that will grow at 25% a year for the forseeable future.
What was the growth of JBLU v SWA last year?
I fly for a legecy carrier, but own stock in JBLU and it is the only stock I own, so I'm talking out both sides of my mouth here.
What I'm saying, is be careful what you wish for. Nobody...and that is nobody sits on top the airline heap for too long and that includes SWA. For SWA to remain the LCC it NEEDS legacy carriers to undercut. If all the legacy carriers belly up. SWA will thrive, probably for the remainder of our lifetime, but then it will belly up too to other new LCCs.
But if you are in it for yourself and yourself alone, which most of us are if we are honest with ourselves, why not go to a legacy carrier and get paid as much as you can for as little work possible? Granted it is a day late and a $ short for that option. If my dream was to serve others I'd be in the Peace Corps (seriously, I've considered the PC and may do that after retirement) or on AD still.
My carrier is in a mess just like the others, but it is still a better life style than flying for a LCC otherwise I would've jumped. I've done the research, and flying for an airline isn't worth it if it means flying until I'm dead tired, I've done the commuter thing, and I know what it means to fly 80+ hours a month. My other job pays just as well, if not better. But you have to understand, I have 3 kids and got a legecy job to spend time with them, not to see how much flying I can do in a month.
Now, I wouldn't buy my carriers stock, it is too risky and the future isn't guarenteed like you said. As a matter of fact, I wouldn't buy SWA stock, a terrorist attack will crush SWA from the market analysis I've seen. If you are afraid of flying-drive. That is another reason JB is in a nice position, because the legs are too long to drive.
PS, to see true humility and shame us all, read the story on Fern Holland. She's a hero of mine
http://www.newsok.com/?fern_holland_home