posted on Jun, 7 2011 @ 11:07 AM
As someone who is very familiar with the airline industry, I think I have an insider's eye view of the main reason airlines are posting record low
It's not just TSA, folks. While that is a main deterrent to many people who might 'occasionally' fly, I think it might be the fact that the CEO's
of most airlines are making their million dollar bonuses and cutting the salaries of all of their paid employees. These same employees are angry,
frustrated, over-worked and under-insured. Guess who they take their frustrations out on? The passengers, that's who.
Add to that the over bookings, the late arrivals (most large hub airports like Newark, Chicago, Denver, Atlanta, etc. just aren't equipped to handle
the amount of traffic they have) have people screaming mad. Add a few clouds in the skies, and ATC can't handle the flow. (These air traffic control
guys are also underpaid, overworked and under-insured)
It's the same as big business everywhere (yes, government, I mean you!) It's the trickle down theory. The only ones making money are the ones at the
top....lawyers turned CEO's who know all the ins and outs of how to legally screw the employee out of even more benefits. And guess what? You can't
quit and find another job...there aren't any! And there are about 1000 people standing there waiting for you to quit so they can take your job at
lower pay than you were working for! The airline would actually prefer that you quit or retire early! More savings!!!
Add to that, the cost of fuel.....airlines have added charges for using the bathroom, food on flights, a blanket or a pillow, etc. in an effort to
make more money. The boards of these airlines will never learn....they will continue to cut pay, services, on-time performances, etc., but you can be
guaranteed they have a whole lobby of rich, overpaid blowhard lawyers (CEO's) who will continue to make the huge million dollar bonuses!
Sorry, but it's about time the stock holders of these airlines actually began to consider the "little people" who are the bread and butter of their
businesses. Until then, money will continue to be lost until there are just no more passengers to fly.