Originally Posted by
Big E 757
The company just committed 5 years of our concessions to shareholders (some of our largest individual shareholders being Management types and Directors) while we are in negotiations.
RA and company are pretty confident that labor risk is, in fact, off the table. I'm trying not to let it feel like a slap in the face.
There is now no excuse for management to ask, or for ALPA to consider, any sort of concessions whatsoever. The corporation is swimming in cash. So much cash they are having a hard time figuring out what to do with it all. And a large portion of that cash is our money -- directly attributable to pilot concessions. Especially the termination of our pensions.
Giving billions to shareholders is not a slap in the face. Yet.
This will only be a slap in the face if they come to us with some insulting proposal like 9,6,4,4 funded by a reduction in profit sharing.
This better be a "historic" contract and it better happen soon.