Do you think airlines would still have a "pension plan" if SWA had gone belly up in the 80's.
Yes. Absolutely. Not a doubt in my mind.
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Do you think airlines would still have a "pension plan" if SWA had gone belly up in the 80's.
What's the deal with 9/11?
The govt would have preferred united cease flying.
They may have been a bad thing for you Flop, but it worked out unbelievably well for those early guys at SW. Did they making lower wages than the rest of the industry? Absolutely. But they completely cleaned up on Profit Sharing and Stock Options, that were added on top of the 401k contributions. Meanwhile, your management was underfunding your pension until they had the opportunity to completely delete it in bankruptcy court.
So the major difference here was great management as SW, and horrible management at most of the other airlines. All the early SW guys retired multi-millionaires because they .......didn't have a pension.
Ok, so if Im looking for a flying job sometime (pretty sure I'll do something [anything] else at this point) I'm going to want to go someplace that's straight up competing with you. And if they pay 50% on the dollar of what you make, and that starts to mess up your sweet deal, you better not have a problem with it, right Red?
That last quote is the first good thing you've said in a while
United absolutely deserved an atsb loan guarantee (they were not loans)- and you're probably right about SWA since just about every airline got one that asked except united
But why the constant obsession with SWA? It's just weird at this point
Ok, so if Im looking for a flying job sometime (pretty sure I'll do something [anything] else at this point) I'm going to want to go someplace that's straight up competing with you. And if they pay 50% on the dollar of what you make, and that starts to mess up your sweet deal, you better not have a problem with it, right Red?
Don't you already work for less than a Southwest pilot? Your hyprocracy shows no bounds, yet you won't see me complain on the pay of another industry pilot. You just help management with their sham that pilot pay makes or breaks an airline.