WOW, ESOPs and/or stock are not good for pilot groups. One needs only look at the history of how poorly that played out over at UAL.
Why you ask ? - I'd be happy to explain - As an airline pilot there is ABSOLUTELY NOTHING I can do in my day to day tasks to make the price of the shares go UP ! No, really think about it before you jump in and start yelling at me.......
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So bottom-line, DON'T give me something that may THROUGH NO FAULT OF MY OWN have absolutely no value by the time I can cash it in !!!!
I would beg to differ. Aside from your "day to day tasks", there are little things that can make the difference between a "crappy" experience for passengers and an "outstanding" experience. Most passengers "get" that "stuff happens" and a lot of it's beyond your control. It's how the problems are handled that makes one want to come back vs not travel your livery again.
Case in point: I was on an international flight on a certain carrier one night. We were delayed a bit to resolve a seat problem in the business cabin. The captain took that time to come around to each passenger in the business cabin, thank us for traveling with them, show the route on a chart, and ask if there were any questions. He then walked through the economy cabin to apologize for the delay and thank folks. By the time he was done, the repair was made and we were ready to go. Lemons made into lemonade.
I can't count the number of times that the crew merely steps into the front office, closed the door, and made a PA that the flight would be delayed for indefinite time. Huge difference.
Similarly, the captain of another flight that was delayed due to catering error asked the passengers if they'd rather wait 45 minutes for catering or make the 2 hour trip with whatever was left on board from prior flight.
I've long held the opinion that every employee of a company is in a "sales" position - because the way they treat customers will lead to (or kill) future business. That's especially true in a cut-throat competitive service business.
All that is my opinion and experience from running businesses and having my butt shaped by airline seats for about 4 million miles over the years. You may well feel differently.
Profitability and stock price are driven by the efforts of ALL. In other words, no group alone can ensure good results, but any one can cause failure (a variation of corporate paralysis of 'no one can say yes, but 30 people can say no').