Zaibatsu wrote: ↑Sat Feb 27, 2021 10:47 pm
jjj wrote: ↑Sat Feb 20, 2021 10:38 pm
Captains at WS made about 70K at the start. Oh and a little thing called stock options.
I know that it’s really easy to say that with the benefit of hindsight, but WJ could have very easily been any number of failed Canadian airlines.
Sure you sell the stock. But what if it falls before you sell? What if the company goes bankrupt? How is your compensation now?
What would you think of compensation by Flair or Porter stock? Or any airline stock right now?
No. Cash is king. Even per diems count for more than hopes and dreams until you cash out and cash in.
You’re just drawing an arbitrary line in the sand to exclude yourself and forgetting you used to pull snot rags out of seat backs for free not so very long ago.
Flair and Porter are fundamentally different. Porter - to my knowledge - never did go ahead with an IPO. Hmmm wonder why. Flair is also at best a copy cat - whereas WestJet was an industry disruptor. Remember the days when to get a deal on a flight it had to be return fair with a Saturday stay over. Also remember when places like Kelowna and Abbotsford were secondary airports. Hmmmm - who changed all that.
Cash certainly is king. These days we get fixed cash every year in lieu of options. Less risk and it’s steady.
There was a time when I groomed. Yep. That is years behind me. Old news.
The best cash in Canada is AC. Next is WestJet. After those two, the wages get smaller and smaller as you go down the list. We all pursue different paths for different reasons. Many spend an entire career at places like Jazz and have happy/rewarding lives.
I have some friends that fly corporate on some pretty fancy machines. They also vacuum and toss cookies. Whatever - it’s work. The difference is - I don’t admonish anyone for how they put in an honest days work.
WS has been a good ride. Lots of contract BS and I’ve never known a time in aviation when there wasn’t some kind of BS going on. I work with some stellar people and most days are quite pleasant.
I draw no arbitrary lines. I dismantle incorrect views on what WS WAWCON is. Long after the gamble for options paid out - WS has been a very lucrative place to work for most (pandemic aside.)
So have a nice day Zaibatsu.