It's Money or We Walk

[STL717]

Labor: No More New Age Touchy-Feely Stuff. It's Money or We Walk

http://www.aviationplanning.com/Forecast2007.htm

 

[atrdriver]

I normally think Boyd is an idiot, but he is right on with that.

 

[wscrj]

[FONT=Tahoma, Verdana, Lucida]"A lot of this comes from analysts on the Street who have no real understanding of the airline business. Selling off frequent flyer programs might be an idea - if the downsides are fully understood. But if an airline management forgets its prime mission - which is running an airline, instead of concocting short-term stock deals - the company is in real trouble."[/FONT]
[FONT=Tahoma, Verdana, Lucida][/FONT]
[FONT=Tahoma, Verdana, Lucida]Well sheet, there it is in black and white.[/FONT]​

 

[Lear70]

[FONT=Tahoma, Verdana, Lucida]Regardless, again, of the range of factors, reasonings, and arguments, the fact is that management at some carriers has feasted on the airlines' turnarounds, and in one case - United - has descended into what can only be described as an exercise in Robber-Baron 101. Labor isn't going to walk away from the table this time without some serious money. It's not going to fly as a bargaining tactic to claim that "we're all in this together" when United employees and retirees are in some cases having to sell their homes while the CEO and his inner circle are getting millions in various goodies.[/FONT]


Yeah, that about sums it up.