Originally Posted by boozehound
the point is, during this last CBA (which the owners "won", a really stupid platitude the media like to use that means nothing), the operating margin went from a pre-cba average of nearly 20% to barely over 7% during the current cba. of course the owners want to move it back. just look at the operating income 5yr and 10 yr changes.
Right, they are a lot less profitable since their "other expenses" have grown out of proportion with their revenues. That is the expense that has gotten out of hand.