Greed Can't Fly
Just when you think people can be rational about having a job, greed raises its ugly head and ruins the dance. The latest sighting was this week when pilots from Frontier Airlines, in bankruptcy with the court selling-off assets, declined 40% raises and the opportunity to work for profitable, culture-rich, Southwest Airlines.
Frontier was handed to Republic Air for $70 million less than the Southwest bid. You know Republic, who recently picked-up Midwest Air and terminated all of Midwest’s pilots. Let’s see, stable company, loss of seniority plus a 40% raise versus rickety airline and probable layoff…with the backdrop of a sluggish economy. It deserves the NCIS Special Agent Gibbs smack to the back of the head I believe.
This is a bad deal not only for the pilots, but for all the other workers at Frontier and the Denver economy. Then there’s the lack of competition that could have placed pressure on the big carriers who want to charge folks $600 to fly to Colorado to ski on the slopes. So for all you fans of the Rocky Mountains, start saving the pennies, planning Friday meetings in Denver, get your reward miles ready and fasten your seat belts. On the bright side, maybe Republic won’t get rid of the critter photos on the airplane tails. [news story]


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