I'm guessing there will be few, if any scabs at a Delta strike. The CFO and CEO have said under direct court testimony that they have no intention of operating the airline during a strike.
In fact, they testified that Delta's DIP financing from GE will be revoked by covenants if a strike lasts longer than 48 hours, and the company will liquidate then, if not sooner.
A strike, if it occurs will be very short lived. It will end within hours of starting by court injunction, tentative agreement, or destruction of the airline. There will be no time for replacements or scabs.
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"Delta management told arbitrators that it has no contingency plans for a strike, will not try to operate during one and could not survive for long. Delta's cash position is built entirely on its $1.9-billion debtor in possession (DIP) financing from a syndicate led by GE Capital Corp. and Morgan Stanley Senior funding. The DIP agreements protect the lenders with restrictive covenants that would be violated almost immediately in a strike."
Last edited by UGBSM; 04-10-2006 at 05:39 PM.