Guv
Your idea is great in theory, however, what seems to happen in practice is that the bean counters can distort the profit/loss picture by financial engineering, and management can mismanage, so that the employees work their butts off, but management manage to seize an astounding loss out of the very jaws a goldmine situation.
Given the less than brilliant history of airline managements, and the likes of Lorenzo and Icahn in financial engineering, it is hardly surprising that not many want to risk their financial future on the competence and integrity of many airline managers.
[This message has been edited by SunSeaSandfly (edited 05 May 2001).]