(minimum wage laws aside) If you owned a McDonald's franchise, but could only afford to keep it open if you paid your employees $0.09/hour, would you understand it then? Shouldn't the employees be content with superficial praise (by being called "Team Member" and the "Best fast food workers in the industry") in lieu of pay? Afterall, I'm sure you'd appreciate their hard work and sacrifice for YOUR bottom line, wouldn't you?
It doesn't matter what their revenue stream is. The fact is that there is a going rate for compensation for the "best pilots in the industry" flying the wealthiest people in the world. That going wage is a reflection (withing the range) of the highest paying labor contracts in the AVIATION industry. If an empolyer can't afford to pay the industry wage, then it is officially not a viable business model, and it will eventually fail - as it should.
$300k is not necessarily the requirement either...a salary reflecting the highest paid aviation labor contracts is the goal, and that number needs to be arrived at based on what other premier carriers are being paid.
This is a monumental misconception from the other side of the bargaining table - or else it's just shameless propaganda. The union does not now, nor has it ever, demanded "every penny of profit"...that would be silly. What they demand is a wage commensurate with the highest paid aviation contracts currently operating - that's it. Once that goal is achieved, the company, and the BH shareholders, are welcome to every additional penny they bring in. We call that 'profit'. What they don't get to do is short their single greatest labor asset (whether its done for legitimate or illegitimate purposes) just because they're greedy. If there truly is no profit left to be had, then you can - and should, shut it down.