Originally Posted by
Bucking Bar
History shows, airlines do not shrink to profitability. Bastian told investors our early retirements and other measures will help reduce costs to 2010 levels. I'll go on record now and state, I doubt that will happen.
Well - I agree. Retirements only replace the B744 captain being paid at 12 year rates with a A330 Captain who will be paid 12 year rates. Without hiring new people, eventually everyone is at 12 year rates.