Originally Posted by
PapaMike
Seems pretty obvious that everything you hear from the executive team right now is pure BS. They semi-mean it but don't actually believe it to be the case.
In other words, when they say there are no intentions to change the labor contracts that's solely dependent upon every other piece of the bankruptcy proceedings going as planned. They are shooting for the moon in the other contract negotiations and eventually those negotiations won't amount to what they are asking for and then the execs will come back and say "we were unfortunately unable to acquire the necessary cuts in our CPA agreements and other contracts, so we will be going forward with asking the court to mandate 20% cuts from all labor contracts immediately."
This is exactly what will happen and don't think it's not pre-planned. The ONLY reason they're saying labor contracts aren't expected to be impacted by this bankruptcy is because they want to shield potential new hires and current junior pilots from either not showing up to class or bailing for a greener pastures. OF COURSE management will come back to the labor contracts and attempt to gut them as much as they can once "all other avenues of cost savings have been exhausted". If you don't think that they'll come after your pay rates then you're living in a fantasy land!