Originally Posted by
rvr350
Just flew with a mid-seniority guy and we started about our upcoming contract. He stated that DALPA negotiated C2K and even though the company couldn't afford it, Leo signed it anyway, and basically bankrupt the company overnight. I wasn't at DL in 2000, so if anyone would chime in, i'd appreciate. But it seems to me there's more than a few of those that think that way. If that's the case, we're in big trouble.
From the NW types that I was around, when the DL C2K was signed it was frequently spoken amongst them that the DL massive lump sum pension structure was going to BK the company.
Of course, then both companies declared BK on the same day, so take that for what it's worth.
It was a sentiment at the time whether or not it had any factual basing.