bob@las-AA
Veteran
no doubt and i'm fairly sure the assoc. is aware...maybe more so about their lus insurance. what they can say in public and in private about wages are two different things?
again, it's not 1949 and i'm not sure what a 2018 union can do to show it's unhappiness towards a stingy company?
bottom line...delta took it's jet fuel windfall and shared it with it's employees and shareholders (dividends).
aa took it's jet fuel windfall and shared it with shareholders (buy backs).
going forward, until further notice...dl will continue to share with it's employees while aa is getting even more stingier towards it's 'team' members.
after the merger, not sure what fsc costs the company yearly in wages/benefits? maybe $800-$950 million a year? maybe someone from the assoc. can tell us?
the company just announced a fresh $2 billion buyback to expire in 2020. $1 billion a year.
in lieu of pathetic PS, if the company threw $75 million more per year in enhancements, maybe we'd get a contract and we wouldn't be posting here anymore? $375 million over a 5 year deal.
as of last year, southwest's labor costs took up 34% of their revenues, while aa's was only 28% - and aa's revenues are a lot more than southwest's.
majority non-union delta spent 32% of it's revenues on labor costs.
the labor costs percentages show just how stingy the world's largest airline is towards it's employees.
11816 / 31603 = 37.38% is mainline labor cost for LAA in 2017. Add in fuel and its 56.77% of expenditures.
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