Witn few exceptions, it always must be remembered that Airline Management has ONE (1) goal:
Qualify for their exorbatent bonuses. If that means making the airline look profitable, or artificially inflating the stock prices, so be it.
Actually running an airline is second. ALWAYS.
Examples: NWA, UAL, US Air all have drastically underfunded pensions.
Continental: GB got a 11+ million dollar salary in 2002, while having over 500 pilots on furlough and the company was losing money.
Exeptions that I can think of:
SWA, 30 years of profitability and a very conservative and effective growth plan.
Skywest 34 years of growth and never a furlough in sight.
Jetblue: only time will tell.
There are others I'm sure, but these come to mind for me...
Qualify for their exorbatent bonuses. If that means making the airline look profitable, or artificially inflating the stock prices, so be it.
Actually running an airline is second. ALWAYS.
Examples: NWA, UAL, US Air all have drastically underfunded pensions.
Continental: GB got a 11+ million dollar salary in 2002, while having over 500 pilots on furlough and the company was losing money.
Exeptions that I can think of:
SWA, 30 years of profitability and a very conservative and effective growth plan.
Skywest 34 years of growth and never a furlough in sight.
Jetblue: only time will tell.
There are others I'm sure, but these come to mind for me...