I actually did think of the "RED LETTERS" as I read the FCIF. I had a different read on it though. I thought PC was rather complimentary of the pilot's contribution to the company. He made a point of saying he has NO PLANS TO FURLOUGH (at least at this point). I'm a bit concerned about the bad precedent of canceling bid awards but, it appears the contract permits it.

All-in-all, I saw the FCIF as simply stating facts (weak economy, over manned, 3-man to 2-man airplane transition, age 65, etc.).

Flight management is usually hesitant to put that sort of stuff in writing (I suspect for liability reasons?). I appreciated the straight forward professional tone of the FCIF.

Mark