this post was submitted on 09 Sep 2024
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Air Canada is finalizing plans to suspend most of its operations, likely beginning Sunday, as talks with the pilot union are nearing an impasse over "inflexible" wage demands, the country's largest airline said on Monday.

Air Canada and its low-cost subsidiary, Air Canada Rouge, operate nearly 670 flights daily. Unless they reach a settlement with the union, the shutdown could affect 110,000 passengers daily, causing widespread disruptions.

The airline's pilots have been pushing to close the salary gap with their U.S. peers, who managed to strike lucrative labor deals in 2023 amid pilot shortages and strong travel demand.

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[–] [email protected] 20 points 1 week ago

For reference, Air Canada would need to give ~91% raise to get pilot pay back in line with where Air Canada pilots were in 2001. Post 9/11 the pilots took a terrible 'save the company from bankruptcy' deal, then during negotiations in 2012 the government forced a return to work deal with another terrible pilot contract.

[–] [email protected] 20 points 1 week ago (1 children)

"Air Canada believes there is still time to reach an agreement with our pilot group, provided ALPA moderates its wage demands which far exceed average Canadian wage increases," CEO Michael Rousseau said on Monday.

Petulant little bitch who's getting their airline shut down says what?

[–] [email protected] 25 points 1 week ago

You know what else far exceeds average Canadian wage increases? Average Canadian CEO wage increases.

[–] [email protected] 8 points 1 week ago (1 children)

F. your record profits! Pay up! We want record wages!

Air Canada Revenue by Year

[–] [email protected] 8 points 1 week ago (1 children)

That image shows revenue not profit

[–] [email protected] -5 points 1 week ago (1 children)

Yes it does. It's reasonable to assume profits are soaring as well.

[–] [email protected] 10 points 1 week ago (1 children)

That's not a reasonable assumption at all. Everything costs more today than it did 2 years ago, so it's very likely their expenses are higher than it was before.

It's also possible that their profits are way up, but the data you showed doesn't prove that at all.

[–] [email protected] 3 points 1 week ago (1 children)

You're right. I will post this to get you off my nuts. Based on their reporting, it does actually look like earnings are down. Does this account for stock buybacks and all the shady things corporations do these days though? I don't know. Let's look at CEO pay while we're at it. Earnings

[–] [email protected] 3 points 1 week ago (1 children)

How is -0.5B -> 2.33B a -564% change?

[–] [email protected] 4 points 1 week ago (1 children)

Because percent change uses the previous value in the denominator, which here was negative. (2.33- -0.5)/(-0.5) = about -5.66, or -566%. What number do you think would make more sense?

[–] [email protected] 3 points 1 week ago (1 children)

I agree that's how math works, but by reporting a negative percentage with it colored red is misleading at best. Perhaps a better metric would be +/- |(percent change)| where + indicates profit growth and and - indicates profit reduction?

[–] [email protected] 2 points 1 week ago

Yeah I'll agree that on its own it's not a good measure because of situations like this.

[–] [email protected] 7 points 1 week ago (1 children)

Nationalize air Canada already

[–] [email protected] 7 points 1 week ago

36 years ago it was ... and then it wasn't. :(