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Has anything changed with pilots unions? "The interaction between labor laws and FAA regulations results in pilot unions having a strong claim on 100 percent o
by cbr 11y ago
Has anything changed with pilots unions?
"The interaction between labor laws and FAA regulations results in pilot unions having a strong claim on 100 percent of an airline's profits. An investor in a unionized U.S. airline should not expect to see a return on that investment and, indeed, should expect an eventual Chapter 11 bankruptcy filing to wipe out his or her investment altogether."
http://philip.greenspun.com/flying/unions-and-airlines http://philip.greenspun.com/flying/unions-and-airlines
- 6stringmerc 11y agoYes, George Bush (i.e. his administration) forbade the Delta pilots from going on strike, sent the pilots and airline to binding arbitration, and as a result, the pilot's pensions were dumped on the US taxpayers: http://money.cnn.com/2006/06/16/news/companies/delta_pensions/ http://money.cnn.com/2006/06/16/news/companies/delta_pension... Later, when Delta started doing well again, they didn't bother taking back that obligation.