<<They are???? ASA made HOW much money last quarter?>>
Lets put the profit in a little perspective:
If I remember correctly last quarter's profit at ASA was about $45 million.
Fuel expense for the same period: $ 24 million
Crew expense, (Pilots only): $ 61 million
Non contract employees $ 240 million
(Based on 25K a year)
Leases, maintenance, parts etc? $ ??????
Benefits $ ??????
Other costs(training etc) $ ???????
Ok those of you ranting about the excessive profit ASA is making run the numbers yourself and consider:
If no money was coming in; on $45 million profit a quarter, how many days could ASA continue to pay salaries and meet its financial obligations before it would have to start selling off its assets? (Assume a condition where Delta dumps us at the end of our contract with them).
Run the numbers - $45 million sounds like a lot but its a drop in the bucket. It looks even lower when you realize that represents about 5% or so in profit margin.
Its like bringing home $7000 a month in salary but having to pay out $6700 in bills. No sane and responsible adult would let their budget get to that condition but that is exactly the constraints airlines are working under these days. Its amazing they are all hanging on.
??? Did you learn anything sleeping through Economics in high school????