Originally Posted by
PilotCrusader
You guys are killing me. Aren't the US airlines technically federally assisted? How many times have they been bailed out of bankruptcy?
Federally Assisted??
Um...no.
They went bankrupt, cut their employee's pay and benefits by about 50%, flushed their employee's retirement plans, and then emerged from bankruptcy, after the EMPLOYEES had paid all of Management's over due bills.
The Federal Government sat back and watched.