slipped

This doesnt make any sense to me.

__________________
I believe that banking institutions are more dangerous to our liberties than standing armies.
T.J.

Thedude

Because they could.

joejet

There were no customers!! The economy was already headed for a slowdown. Many majors had contracts that paid too much - unsustainable. I was in the middle of it and my pay is just reaching my 2001 levels now.

BlueMoon

Supply v. Demand

powrful1

Economy is at the vvvvvvery early stages of a rebound right now, why would you need to take a pay cut?

jeeps

Same reason as back then, too many pilots and few jobs. They can cut wages because pilots will still be willing to work the jobs that are available

slipped

so did flying just never rebound?
I dont but the whole supply vs demand, as I said before I realize just after the towers nobody flying but 6months later I will go out on a limb and say it was back to normal.

It seems to me they just used it as an excuse.
am I right or wrong?

__________________
I believe that banking institutions are more dangerous to our liberties than standing armies.
T.J.

Roper92

Two routes:

Threaten bankruptcy: Put the fear into the pilots and make them give up pay/work rules to "avoid bankruptcy"

Go into Bankruptcy: Rip up contracts, threaten pilots with a loss of pension, furloughs, liquidation, etc.

BlueMoon

You are wrong, travel demand was done for more than 6 months and DL, UA, AA, USAir, all had pilots on furlough for a long time.

forumname

I can't remember the EXACT time, but if I remember correctly, before the whole economic downturn the levels of passenger traffic were the same as pre 9/11 levels. The crappy part, people were paying within a few percent of the SAME for fares as the pre 9/11 time frame. Except the labor is now cheaper.

As stated by other posters, the labor costs of those CBA's simply wasn't sustainable, which is a shame. It was said the the management at UAL knew full well after contract 2000 that they'd be having to get concessions from labor as soon as the economy tanked.

9/11, and the poop storm it created was nothing but a perfect opportunity for airline management to extract maximum cost reduction out of labor. And turn the airlines into what they are today. Remember, labor was the highest cost before fuel went up.

So you're kinda right.

Something many people forget. Although pilots (at any airline) are the highest labor cost, they are not the ONLY employees. Also, unlike a regional, they are not the largest employee group. Mechanics, rampers, FA's, ect all had to go through the same crap.