Could the majors actually be in control of their own fate? One would never know it, judging from how rare it is for executives running major airlines to be called to task--despite the billions of dollars of wealth they have destroyed through the years relative to their compensation packages. Management's role is a subject everyone seems to tiptoe around, as opposed to the subject of labor, which is usually pilloried as the principal cause of the airlines' troubles. But as one industry analyst put it, "Who's supposed to be running the show?"
Someone that finally gets a huge part of the problem. These CEOs, for the most part, have not been able to run the business properly. In good times, manage the airline and prepare it for the bad times.
A clean up of corporate laws must be enacted, along with how these guys are paid. All they care about is the price of their stock options and what type of golden parachute they have. Period.
Labor is just an easy target for quick financial relief. It does nothing for the overall corp. culture or business as usual attitude that emits from the puzzle palaces.
I can think of several incedents this Q1 that have cost my airline millions of dollars from managements inability to make decisions. Yet it is some how labors fault, and we need to give money and work rules. Yet it will still be business as usual in the front office. I DON'T THINK SO!
