Tim,

the reason we got profit sharing is because all the other stick and carrot opportunities were exhausted.

no one would fall for the pension carrot again......or esop stock.....or even pay rates 10 years out.

so dalpa and delta tried the..."Just keep pulling the wagon and WHEN the good times are back YOU TOO will get a share of the rewards!!!"

And true to form.....this pilot group swallowed the full load. The vulnerability of behavioral manipulation in this group runs deep when it comes to the 'promise' of a future (and greater) reward in exchange for present day compliance.

Its how most of us are wired and live out lives. there have even been some sharp operators who have used it to fleece pilots....a guy in nyc comes to mind.

And now...just like ALL the other promises of the brass ring....when it comes to paying the bill....the party responsible has dined and dashed.

FWIW....from my perspective all the things you cite...over the past decade of sacrifice...is more than full payment on our part for the PS payouts now.

What is being suggested with this TA is that now we have spent the last decade paying off the mortgage....we then sell the house below market value....and then RENT it back from the party to which we have sold it.

Sure....sounds like an investment plan pilots would buy into.....