Originally Posted by Carl Spackler

Yes, the pilot's union voted for it. After years of uninterrupted increases in pay and benefits, the union agreed to concessions along with an equal amount of ownership and control of the airline. It was a direct investment that paid off very well when the stock over doubled in one year. It was also done during a weak revenue environment for the industry.

As I predicted in an earlier post, some Frontier guys will try to justify what you've done by portraying as hypocrites anyone who has ever given salary back for any reason regardless of the revenue environment. In your world NWA in 1993 is the exact same thing as you today. As predicted.

Carl