scarlet said:
I think it is called SCABs
ASA announced May 8th we were getting the 76 seaters--and now SKywest getting them, b/c they are cheaper and un-unionized..and ASA PILOTS should take a pay cut with the company making 13% profit--higher than any other business in the world, even more than the oil companies at 10%....
seems like a good place to ask a couple questions...
13% higher than any other business?? The drug companies, software companies, banks, and others make a hell of a lot more than 13% OPERATING profit.
Now that I'm past that... I hear a lot of guys around the crew room use the term "record profits." What are we comparing that to?
Relative to before being purchased by Delta? We are not in the same business.
Relative to the jet years of Delta ownership? Our financials were burried so deep in the Delta shell game that it would take many forensic accountants a long time to figure that one out. Ask Comair, profitable before BK and in the 1113 filings losses of $130m. I know not all on paper, but losing that kind of $$ overnight is just 'fuzzy' math.
The current numbers that we see coming form SkyW quarterlies are not apples to apples either. They bought us, the second largest airline at the world's businest airport (and we serve as a feed to the largest). Of course their #'s are up over 100%. If we want to use this (the best indicator) we need to wait a couple years to get enough data to draw an accurate conclusion.
Playing Devil's Advocate, on top of only quoting OPERAING profit and not total profit, we really have no numbers to compare our results to. I know there are those who just repeat the babble because they only believe the spin that acks their opinion (either ALPA or mgmt, yes BOTH spin). But, how are we (ALPA and Pilots) coming up with the term "record profits" and using it with a straight face with nothing to really compare it to?