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Seems like everyone involved in airlines makes money except the shareholders. Financiers who sponsor aircraft and engine leases, speculate on residual value, an
by zekevermillion 11y ago
Seems like everyone involved in airlines makes money except the shareholders. Financiers who sponsor aircraft and engine leases, speculate on residual value, and take other niche risks. Union employees. C-Suite officers. Lawyers, consultants, accountants.
- mikeyouse 11y agoMy aunt was one of those union employees with United for 35 years, after which she retired and they then cut her pension by roughly 40%. She got to go back to work at 65-years old. Maybe scratch union members off your list of people who do well in the airline world. Article from 2005 with the details: http://articles.latimes.com/2005/apr/23/business/fi-ual23 http://articles.latimes.com/2005/apr/23/business/fi-ual23
- zekevermillion 11y agoI did not mean to imply that the union employees of airlines got a fair deal! I think a big problem from a shareholder's perspective is that airlines periodically use bankruptcy protection to renegotiate their deals with everyone, including the unions. But the shareholders aren't the only ones getting screwed.