Originally Posted by
AAL24
I don’t know why people are even considering paycuts. In the post consolidation industry airlines were raking in the cash. Now they are losing it hand over fist because supply far exceeds demand. We could work for free and they would be losing money. Wages are not what caused this. It was a temporary massive disruption. The airline fundamentals are still good. Once supppy and demand are in balance things will stabilize. Loans, bailouts, whatever. Cutting your pay x% will not make a difference it will just transfer wealth from your pocket to mgt and or investors. So many weak d$&ks in this industry.
Last time, when the banks were collapsing into themselves, they were getting told to merge with others, or go out of business.
Dont be surprised to see some forced marriages of the weakest carriers into others. You could easily see JBlue, Alaska and others get forced marriages with larger carriers as a requirement of a bailout. It could get that bad.