American Air’s $1 Price Target at Evercore Implies 92% Collapse

Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by tyingq on Tuesday May 05, 2020 @09:11AM (#23079624)

"paid hourly average $30/hr"

I wouldn't make a direct comparison of that with other jobs. There are many work hours they aren't paid for, or are paid at a lower rate.

Oversimplified, but they are paid nothing or almost nothing for waiting around for late flights, security, etc. Full pay for "block hours" where the plane has pushed back, less for pre/post flight work. And lower seniority f/a folks can have a harder time getting hours at all, and they are well below average pay. Seniority is everything.

It's not a bad job considering the fairly low qualifications, but it's not really $30/hour. New flight attendants generally end the year around $20k gross. And that's at the majors.

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Re:American Air’s $1 Price Target at Evercore Implies 92% Co... by fennecfoxen on Tuesday May 05, 2020 @09:13AM (#23079643)

Maybe not! However, our poster upthread said that he guessed flight attendants were already at minimum wage it would need to take literally half their time before we're even to the $15/hr level that was pitched as a "living wage" in New York City, their hub city with the most expensive cost of living. (Other AA hubs: Charlotte, Chicago, Dallas, LA, Miami, Philadelphia, Phoenix, Washington, DC/Arlington. Some of these are cheaper than others.)

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