Since you want to single out 'Blue nuts' I will invite you to think about the other [in your terms] 'nuts'

'Sprit nuts'
'Airtran nuts'
'SWA nuts' [30 years as a LCC, only now are they well paid.]

All the above companies have high productivity and lower than legacy pay rates. SWA has only recently emerged as a high paying company. But most legacy pilots would never work as hard as a SWA pilot does. If SWA didn't have their fuel hedges, I suspect that they would have had some wage negotiations by now. Probably initiated by the pilots since they have a good relationship with management.

Maybe these 'nuts' should also be included:
'ATA nuts'
'Midwest express nuts'
'National nuts'
'EOS nuts'

I can't keep up, too many 'nuts'

The real problem is revenue. The legacies have tried to undercharge for their seats in the belief that they could drive other companies out of business. Well it didn't work for Delta, it drove them into backruptcy. NWA charges low fares where they compete with Spirit and Comair, but charge high fares where there is no competion. Everybodies planes are full, but the fares are still below cost, it doesn't make sense. Everybody needs to raise fares.

If the bankruptcy judges would tell Delta and NWA that they could no longer charge under their cost for seats, and to add at least a $5-10 profit per ticket/seat, then 'instantly' the industry would be saved.

If you look, JetBlue often is more expensive than other airlines, so we are not driving down the industry with low costs. The other airlines are trying to use us and other Low-cost airlines as an excuse to break their union contracts. The problem is predatory management.

I'm sure the above is VERY simplistic, but it seems to fit with the current situation. At least from my point of view.

I appologize to any of the above listed 'nuts' if they take offense at the label.

B6Guy