Originally Posted by
Scoop
I did not take it as him "lecturing" us. I voted for the big pay cut because I was led to believe it would keep us out of BK. I was wrong and feel that we as a pilot group were "taken to the cleaners" by management.
I now believe that we were going into BK with or without pay-cuts and management played us. I think there is something there when it is said that we unwittingly helped or participated in the reset to our wages.
Scoop - Just my 2 cents
Not that there is anything that can be done to change it now, but if you look at the four airlines that went into bankruptcy around the same time, United and US Air did not do concessions before and Delta and Northwest did. Delta ended up with the best work rules, the highest pay rates, and the best bankruptcy returns. Northwest alone retained their defined benefit plan.
We can't go back and run an experiment, but you can't say that airlines that waited until bankruptcy did better than those that took concessions before. In fact, the opposite is true.