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Old 6th July 2001 | 08:20
  #52 (permalink)  
Snake Hips
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The Resistance's posting is interesting in that it highlights (one of) the fundamental differences in thinking between aircrew generally and senior management here. United Airlines aircrew and ground engineers have apparently obtained 'industry leading' contracts of employment. UAL then post first first quarter losses of U$308 million and analysts are suggesting half year losses of U$1 Billion. We all know our industry is cyclical but reconciling large pay rises in times of reduced or non existent profitablilty is difficult. The longer term
danger is that UAL and others 'rationalise' (horrible word) and people get laid off. I think this was one of the points Spanners was making?
I fully accept the current dispute is not just about money, indeed 99.9% of the guys I know just want a stable life style. However, airlines are a narrow margin business and cost reduction will ALWAYS be a huge part of management focus.
I'm not being contentious simply making an observation.
Cheers
SH