Originally Posted by
BeatNavy
So which is it? He tells our union one thing (razor thin margins) so he can try to get away with not paying us, and he tells the public we are comfortably profitable. Don't care that this was written 6 months ago...our profits haven't shrunk in that time. There is more money than he led the union to believe.
Glad I voted no. Any yes voters should reconsider. MEC/NC need to go back to flying the line. We need people in touch with pilot group's wishes/demands to lead our union.
We're averaging $60 million cash on hand on a daily basis recently--the company is gearing up for some sort of asset purchase/acquisition, and this TA was just an attempt to lock in a concessionary agreement before the further growth was announced.
We're having a brief lull in hiring/upgrades before the next phase of expansion, and this is the perfect time for the company to try to lock-in 2011 costs at increases that are less than inflation overall.