+1

Going after employee pay that is already low is a tacit admission of management incompetence. They have no idea what to do; so they decide the optimal way to cut costs is to have their employees subsidize the operation....

btw, I've seen this movie before---if the company is going to go bankrupt, it will do so regardless of pilot pay..i.e. pilot pay will not push a company into bankruptcy any more than it can keep a company out of bankruptcy. If you cut pay now, you are just lowering the starting point for your "future" pay cuts if the company actually does go bankrupt.