Originally Posted by
gloopy
If profits dry up that by definition means a huge multibillion dolalr swing into the red and beyond. If that happens, do you really think we will hang on to the higher rates we traded for PS? They will come for a "haircut" and we will likely give it to them. Except this time, they will never give us the same PS percentages/tiers. Ever.
We sell this now, we will lose out in the long run. Not to mention the other concessions. Its even harder to get work rules back than it is pay rates.
I'm not advocating either position, but what if fuel rises and Delta is just "mildly" successful? Maybe only makes a few hundred million dollars. Nowhere near at the point where concessions would be needed, but at the point where PS will have dried up.
Could one argue that then we'll have wished we traded profit sharing for pay rates?
If we protect ourselves by not putting a ceiling on the upper end of profit sharing, wouldn't we also be protecting ourselves if we were to monetize the lower end?