Originally Posted by
tsquare
Yup. For the most part, I am looking at this as an extension. And here's why it is a good thing even given the rates (which are actually pretty good given the state of the industry/economy) And I will just give you the bullet points and let you connect the dots yourselves.
Look at our debt.
Look at the paydown schedule
Look at when the projected $10 billion line will occur, and how much in interest payments will be saved by the company
Look at when this contract will become amendable.
Connect dots.
The only fly in THIS ointment is the question of who is gonna jump the bar we will (hopefully) set with this TA.
I also think this is mainly an extension. Just wish we would have left everything else alone and not given up jobs with the increased reserve rules. There are some positives, but overall think the tone was concessionary with the same raises that the rest of the employee group got didn't recognize the sacrifices the pilot group made in BK.