3 ms·
I always wondered why airlines are not pilot-owned.
by anticristi 6y ago
I always wondered why airlines are not pilot-owned.
- lukifer 6y agoUnited went through a period in the 90's where it was majority-owned by its employees, which ended when it restructured under bankruptcy in the mid-2000's: https://en.wikipedia.org/wiki/UAL_Corporation#History https://en.wikipedia.org/wiki/UAL_Corporation#History In general, airline employees enjoy very strong unions, not only for pilots but also flight attendants.
- missedthecue 6y agoAirlines are literally among the most capital intensive industry out there. Where are some pilots getting their first billion for aircraft, flight scheduling, landing slots, fuel, maintenance contracts, etc... Notice how most employee co-ops such as law firms have essentially zero capex requirements. They don't need startup capital that necessitates shareholders.