klhoard
Well-known member
- Joined
- Mar 14, 2003
- Posts
- 766
.SpeedBird said:Pilot pay increases during the last half of the 1990s was based on revenues that were largely inflated by the dot.com bubble and the associated record increase in high-yield business travel. While most people at the time didn't understand the artificiality of the economic trends of that time, it surely didn't take a rocket scientist to look back over the entire history of this industry to see that it hasn't been able to collectively show a profit since its inception, and that business is highly cyclical with generally short periods of strong financial performance when overall economic activity is strong. Pilot unions like ALPA got greedy and used only a snapshot view of the industry's unrealistic strong growth in the 1990s to peg their negotiated pay increases going forward over the long-term. The only thing worse was management's own stupidity and greed.
One final thought....GL, unlike a fine wine you don't improve with age nor with 5,000 posts on this mesage board. I'm ashamed to think I have to share the same profession with a knucklehead like you.
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So. . . . Where would they be NOW if they didn't get the "raises of the '90's" before the "concessions of the '00's"???
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Hindsight sure is 20/20, isn't it??
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