Originally Posted by
gettinbumped
I'll simply insert "hopefully" fix everything. Section 6 isn't a panacea or a guarantee by any means. Ask DAL, SWA, UPS, heck even FEDEX. They had some big gives in their TA. And if we happen to hit a downturn over the next few years (which wouldn't surprise me AT ALL given the terrorist threat), we will be talking about beating back consessions, not improvements
Let's assume a downturn does occur. Why would we be "beating back concessions?" Unless the company uses Ch 11 against us, there is absolutely no reason to accept concessions. Even then we could say no and put it in the court's hands. After watching how our concessions were spent during the last decade, I wouldn't give them a case quarter.
We continue to operate under a concessionary contract. I'm sure the company is happy to extend a contract that we are still trying to claw out from bankruptcy.
What amazes me is as soon as the $$$ rumor is flashed, many will grab their abacus and then start defending their vote on rumored TA contents with all kinds of future hypotheticals.