Why don't you list the pay rates of the non pilot employees? Is it true that dispatchers are paid $180 per month? You do have a low cost competitive advantage, but I wan't the details from the horses mouth. Anybody can expand and grow in your environment. Lets see......Low cost labor, cheap capital loans, maybe even cheaper fuel?
Dalad,
We are not saying that we are not taking advantage of lower labor costs. It's not my fault that the labor demand/supply curve are at lower multiples here than there.
Corporate America takes full advantage of that. Do you think iPads are made in Seattle? Our freighters are full of high end American electronics and fashion goods coming out of China & Bangladesh.
But that's okay because it doesn't involve DAL? I mean do you not see the trend here? The hypocrisy.
The reason the Gulf3 are changing global aviation is simply GEOGRAPHIC.
We are in the middle of the great trade routes of the world whereby everyone can connect with one stop. That's just not an advantage the US enjoys. I wish it were - truly I do. But reality is reality.
AA's mgt were quick to figure it out. I personally think that will have serious long term consequences for EK. It's fundamentally a great tie -up. (QR just announced MIA -huge LATAM feed) The Majors just cannot cover this part of the world like we do and we cannot cover the worlds largest market in $ terms - the US.
I believe Etihad will probably end up with DAL at which point UA will have tough choices to make.
Both DAL & UA mgt have strongly voiced their misgivings but don't think there is no conversation going on in both boardrooms "But what if they go with EK? Where are we left?"
EK is the golden goose for either & either would be golden for EK - first mover wins.
Because believe you me - the institutional shareholders of the one left behind are going to ask the CEO "why the f*** didn't we do that?"
fv
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