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Answer
ATRCA
Your question deserves a reply.
First, the millions that the airlines were given in the government deal were not for just a few days of shut down, but, for anticipated effect downstream as well.
In light of the recently posted results, it is not a drop in the bucket as to what the impact has been on our economy and airlines in particular. Far greater than what would have been anticipated had we just had the slowdown we were in prior to September 11.
Secondly, the blunt truth is that companies do not exist to employ. You state that you will not care for the people at the top, and you did before???? Should you care about growth and profits, absolutely, for that is the only reason anyone invested in the company in the first place. Without them, no company and no jobs at all.
The government stepped in to keep the entitiy going so that some jobs and service provided would continue to a reasonable extent. Frankly, the layoff of any "unionized labor" had nothing to do with it at all.
If we are going to pay a guy to fly an aircraft $345,000 at the top end of the labor contract, is it any wonder that the Chairman and CEO are going to be paid out of whack with the world as well. I would not try to defend either.
A good many discussions on these boards center on management being out to get pilots. I have been involved with a bunch of business decisions regarding airlines for the last 30 years including some other businesses and I can not remember any decisions that was a factor.
I can remember two instances, not in the airlines however, where labor contracts priced the service out of business.
ATRCA
Your question deserves a reply.
First, the millions that the airlines were given in the government deal were not for just a few days of shut down, but, for anticipated effect downstream as well.
In light of the recently posted results, it is not a drop in the bucket as to what the impact has been on our economy and airlines in particular. Far greater than what would have been anticipated had we just had the slowdown we were in prior to September 11.
Secondly, the blunt truth is that companies do not exist to employ. You state that you will not care for the people at the top, and you did before???? Should you care about growth and profits, absolutely, for that is the only reason anyone invested in the company in the first place. Without them, no company and no jobs at all.
The government stepped in to keep the entitiy going so that some jobs and service provided would continue to a reasonable extent. Frankly, the layoff of any "unionized labor" had nothing to do with it at all.
If we are going to pay a guy to fly an aircraft $345,000 at the top end of the labor contract, is it any wonder that the Chairman and CEO are going to be paid out of whack with the world as well. I would not try to defend either.
A good many discussions on these boards center on management being out to get pilots. I have been involved with a bunch of business decisions regarding airlines for the last 30 years including some other businesses and I can not remember any decisions that was a factor.
I can remember two instances, not in the airlines however, where labor contracts priced the service out of business.