In good times the company wants pilots to bend over to make it work, in bad times the company wants the pilots to make it work. The employees always get hit with the burden. Had the company paid down debt, paid cash for airplanes, saved cash, maybe, just maybe, a company this size might just get through this without even blinking. YES, demand drop-off is unprecedented, 40% decline in bookings, parking 300 airplanes, uncharted territory, no downplaying, but what many have been saying on this board, Delta (and United, AA, etc) could be in even better position, sorta like Apple, cash hoard, helps in lean times. Might not be sexy for stock price, but builds a solid foundation.