Originally Posted by
rvr1800
I wouldn't be so confident. Yes I agree if things continue the way they seem to be going it won't get to that. But all it takes is the company digging in their heals and not budging on a compensation item.
As far as the administration goes I think they're a wild card. You never know what they will do. George W Bush is the last president to release a pilot group to strike.
Always a good idea to have options as far as a strike fund. I wasn't even aware that a 401K wouldn't be an option. That's a good thing though really. HELOC is another idea that's not great but I guess if your options are bankruptcy or borrow against your house it's a better option.
Hope for the best and plan for the worst.
Consider.....If you were in the company camp, you wouldn't want our pilot group to be financially educated and prepared for a strike. Because when the time comes to actually strike it's a lot harder to do when you don't have the resources to sustain your family.
Aside from the health insurance question, no one has answered Std Deviation's question about all those deductions when we are out of work during a strike. I'm curious too. I think 6-9 months of liquidity will be plenty for worst case scenario: extended strike, interview, and start at a new airline. Obviously the idea is our financial pain tolerance must be greater than the company's, and yours won't be if you believe we have no shot at being released.