Originally Posted by
Boomer
Oil at $220 parks the 50s (and half of DCI) immediately. Scope problem solved.
As for the rest of the economic meltdown hypothetical, I agree that would be a tough landscape on which to negotiate. But in that case, wouldn't Delta be coming to the pilots for relief no matter what contract is in place at the time?
Like I said, I'm not convinced of $220 a barrel, but we've already seen $149. Wouldn't be too difficult to envision that again. And yes, the company would really have no choice but to come back and ask us for relief if that were to occur. All I'm saying here is since I think the economy and world are in the toilet, I would rather take the bird in hand. Feel absolutely free to let your chips ride. It's not hurting my feelings one bit.