OK Gang, not trying to through any flamebait but what do you think of this. Recently flew with a captain who said that during his captain leadership class a year ago RA said "don't expect a payraise soon, these pension obligations are killing us"...

This is obviously something heard second hand, and a year ago, but what do you guys/gals think of this statement?

If you look at "Form 10k" (I know next to nothing about these reports) it says the pension obligations in 2010 were 728million and expected to be about 600mil for 2011. The management/overhead costs associated with those figures was about 300mil. Our profits were 929mil (excluding special items) so if I've found the right figures the 7+6mil numbers are huge. I guess I wonder about the whole statement... Was it this is how it is or meant to influence people a particular way. Thoughts?