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Per another comment in another thread [0] it's not only not a ridiculous statement, but a little bit how things actually work, at least in the US. [0] https://

• listenallyall 7y ago
  The point of the article is that yes, the scenario where pilots can claim all airline profits is ridiculous, because is it sub-optimal for everyone -- pilots, passengers, and certainly investors. It also never argues that pilots are "delivering value" equal to the airline profits. Only that the pilots are in a position, due to regulation, to claim those profits, because they can shut the airline down (a power that flight attendants, mechanics, reservation agents, etc don't have).