hockeypilot44

All legacies gave multiple concessions to try and keep their company out of bankruptcy. The theory was if your company goes bankrupt, you lose your pension. It was pretty much true. Unfortunately, they all went into bankruptcy anyway and those per-bankruptcy give-backs were for nothing. The pensions were restructured and then more give-backs were expected in bankruptcy. It was a big failure on ALPA's fault. ALPA should have realized the companies were all going bankrupt and never given back a cent outside of bankruptcy. The American pilots gave back 23 percent and told the company that was it. They actually were serious unlike some other pilot groups.