Originally Posted by
shiznit
Penny for your thoughts:
How quickly did the "not at risk PS"(aka pay rates) disappear after 9/11?
How quickly did actual profits disappear after 9/11?
How much have the rules for Ch. 11 changed since that "haircut" was forced by the Company?
Are you of the opinion that PS and rates are of equal risk today as they were 10 years ago?
Pay rates are far more at risk than PS. DALPA/management are all in on profits for the shareholders. DALPA would sign away pay rates in two seconds to help preserve profits.
Carl