Originally Posted by
Carl Spackler
It amazes me the lengths people go to distort history. What happened after C2K at both United and Delta? A little thing called the WORST TERRORIST ATTACK IN HISTORY! An event that conservatively removed 2 trillion from the world economy. But to these history revisionists, it wasn't 9-11 that BK'd UAL and DAL...it was those crazy pilot pay rates in their C2K contracts.
Incredible. We've got to be better defenders of actual history, as opposed to parroting management talking points of why most airlines went bankrupt.
Carl
Carl,
Your numbers are way off. In fact, the economic effects of the 9/11 attacks were relatively benign and less than initially anticipated. The massive government spending resulted in quite a bit of offsetting stimulus to our economy. Delta, through its subsidiaries, hired thousands more pilots than it furloughed and retired.
The 2008 financial crises was much worse from an economic standpoint and Delta furloughed no one.
I believe Delta would have likely declared bankruptcy with, or without C2K. Other factors, like over paying for regional airlines, the Comair strike and profligate spending in other areas assured the outcome.
My only contention is that the language of C2K was ill considered and we should not accept status quo in C2012. Section 1 needs to get tossed in favor of inclusive language which defines ALL new flying as ours giving us automatic ownership over any new code share and which recovers outsourced flying as contracts expire.