Three simple facts that those unfamiliar with the airline industry may want to consider: 1. Unions will never go away, and, in fact, continue to get stronger at the small airline/commuter airline level, the members of which move up to the major airline level. 2. Management will always attempt to milk every penny of utilization from employees, be they pilots, mechanics, gate agents or others. 3. The cycle of labor/management struggles over contracts is an inevitable part of the industry and must be accepted. If we can all get past the personal war stories about our latest debacle at United Airlines and realize that these problems are short term in nature and WILL go away (let's face it, passengers have short memories) then we can all get back to investing with our heads and live much happier lives.By the way, United just signed a tentative contract agreement with the pilots that all sides appear to be happy with. Imagine that...Cheers!
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