Originally Posted by
717Alpha
Good lord. Big John change your name to big dumba**. Was your head in the sand through 9/11 and the bankruptcy era? Once rates are gone they are gone for years. AA seems to have the right idea with early outs and reduced credit lines. If the airline needs to work me 50 hours in a month for a few months that’s fine. But it’ll be 55 hours at $250 and hour not 91 hours at 150 an hour. We had to claw rates back after bankruptcy no way do we need to hand them over. No matter what we give them it won’t avoid bankruptcy and they will still want more.
You’re assuming that’s the entirety of their give. That’s just the tip of the iceberg. No way Mnuchin hands them $10-12B without paycuts to the workforce.