Originally Posted by
ChrisJT6
In 2016, the worst market decline in a January in the history of the US Stock Market is a ripe battlefield for pilots to demand 40% pay raises.
It's January 11th. If you think a week of market declines determines our bargaining environment that is ridiculously short-sighted.
Oil is $31/barrel. UAL is still buying back $4B in stock, 82% of the US market is controlled by four airline networks. UAL will make $4-5B this year and cash flow is through the roof. The company has come to us for FDP extension relief three times in the last twelve months and FRMS relief twice in the past eight months. The pilot/pay shortage will only get worse.
Those are objective facts.