American Airlines investors balk at pilots and flight attendants possibly receiving pay increases

[KING WILL]

“This is frustrating. Labor is being paid first again. Shareholders get leftovers,” Citi analyst Kevin Crissey wrote in a note to clients. Investors showed their displeasure by sending American Airlines Group Inc.’s stock down 5.2% to $43.98 on Thursday.

Southwest Airlines Co., which also reported earnings Thursday, said profit dropped 31%; its shares fell 2.1% to $55.75.

EOY 2019 shyt closed at $26.68.

Damn

SW closed at $53.98

 

[Strapped]

Gotta love American greed in this me me environment

 

[Formerly Black Trash]

late 1700s france, these dudes would have their head on a pike

i hope im not around to see that in america, but at the same time

Man I hope I am

Minimum wage still the same man

 

[BigMoneyGrip]

I mean why cheap out on your operational work force who actually fly the planes and provide passenger accommodations? Like you will have to pay them more just to keep them from going to competitors..

My next door neighbor is a long haul senior pilot for Delta airlines.. Mans pulling down 230k a year...

 

[SmallWars]

Gotta love American greed in this me me environment

Why do people say this? You think this is an American trait only? Hell look at the business news of last week, CEO of Nissan under investigation for scumbag practices, skipped town. His background? Brazilian-born French businessman of Lebanese ancestry, running a Japanese company.

 

[Prince.Skeletor]

How much do these workers get paid, have you ever been on a fukking airline they do a tremendous amount of work...

Only in the U.S..... I think
Ive been to more airports around the world than i can count.
My impression is in most countries airports are has a surplus of staff sharing the load.

 

[Domingo Halliburton]

EOY 2019 shyt closed at $26.68.

Damn

SW closed at $53.98

To be fair, this has more to do with China trade tensions and Boeing's inability to build a plane that can fly than it has to do with any labor disputes. Airlines stocks are also extremely sensitive to fuel costs and the sector in general is volatile.

 

[KING WILL]

Tru enough. I wasnt making a direct connection.

 

[Professor Emeritus]

“This is frustrating. Labor is being paid first again. Shareholders get leftovers,” Citi analyst Kevin Crissey wrote in a note to clients.

Most classic capitalist statement I've ever seen. Wow.

Why is it that so many of us immediately thought of the French Revolution the second we read that? I would never support that, I am 100% anti-violence....but can't help which associations happen to spring to mind.

 

[JLova]

Why do people say this? You think this is an American trait only? Hell look at the business news of last week, CEO of Nissan under investigation for scumbag practices, skipped town. His background? Brazilian-born French businessman of Lebanese ancestry, running a Japanese company.

No but America treats their workers like crap then makes them pay for healthcare. It’s a North American thing really. Just look at the amount of time off and vacation workers get. It’s criminal. It’s all about the dollar.