LCDFlight wrote:GalaxyFlyer wrote:LCDFlight wrote:Sizzling pay. Too high and kind of a joke, imo.
Why would consider a mutually agreed upon contract a joke? Why is it “too high”?
The words I use to explain this never get much understanding on here.
Airline pilots, especially with the 1500 rule, have a ton of leverage. If airlines have money in their treasury, pilots have the power to take that money. This is why I don't invest in airlines. It's also why I don't work in airline management.
That money belongs to the shareholders in most industries, even software. But airlines are dominated by pilots these days, which are effectively run for their benefit. It is what it is. This is the structure of the airline industry. Pilots have stronger leverage than even the Board of Directors. The real leader of the airlines, above the Chairman of the Board, is the chairman of the pilot's union.
So, I wouldn't call this mutual agreement, it is just full domination by pilots.
CriticalPoint wrote:LCDFlight wrote:Sizzling pay. Too high and kind of a joke, imo.
You do realize that this contract isn’t even close to as big as contracts signed in the past? We still as an industry haven’t made it back to pre 9/11 pay and work rules.
Pre-9/11 pay and work rules were completely unsustainable. I guess bankruptcy didn't count as a lesson?
First, it’s an ATP rule, part of which requires 1500 hours for some pilots. That rule has zero effect on negotiations, as no major is hiring those pilots and never will need to do so. The ATP is a red herring.
Second, you miss the decades, decades it was, where airline management had the whip hand on labor—tens of thousands of pilots competing for hundreds of jobs. No regionals, few decent paying GA jobs, no opportunities for civilian guys. I was a pilot in those years, I was on the MEC of gone and forgotten carrier that was the first or second largest in the world. Gone! I retired at my own decision, a good friend does so in a month; both of us look back at our careers happily remembering friends who never had the chance to experience the chance.
So, today pilots in general, ALPA-represented ones in particular, have a temporary whip hand. Good! The group of corporate guys I worked with just got a 25% raise. Others are seeing similar or more money. Regionals are paying signing bonuses, great.