Originally Posted by
Mudhen200
Thanks for the little spanking. I've probably got T-shirts older than you, but I still enjoy being scolded like a toddler. Kids these days...
Anyhow, I'm not trying to alarm anybody. This ain't my first rodeo and I've been around the block a time or two. To the best of my memory, every airline BK in America has led to a loss or drastic cutting of the pilot's pension. This lifelong experience led me to believe that no further research was required. If I am wrong, then please share the details so as to better educate our pilots group (since we are basically the last with an intact pension).
American and NWA kept all employee pensions in bankruptcy. Delta kept all pensions except the pilots. The pilot fund was at a 20% funding level. Delta however provided a 650 million dollar note as well as a 2.1 billion ownership stake in the company to the pilots.