prior to delta filing the alpa national chair personally informed me that up until very recently no one had ever heard of airline bankruptcies and pension failures.
to suppose such a ridiculous assertion....one would have to be incompetent....a liar....or a crook. Or depending on what the situation requires...maybe all three.
But I wouldn't put transparent in the same universe with such leadership.
the major independent pilot groups in the industry did a more competent job at shielding their members from the economic calamity of the last decade.