A bit of history: 35+% pay cut for some year groups. ALPA national jammed down a TA shortly thereafter and 80+% of the pilot group voted it down. 3 years later, the company furloughed pilots even though they were running beyond lean. Some of the former union officers and other wh***s picked up premium trips while tripping over each other. A few years after brining the fuloughees back, the company admitted furlough was unnecessary and apologized for Kasher. The next two TAs passed by 80+% and 65+% respectively, which were both considered as turds and most people claimed to have voted No. The theme with this company is that they apologize after kicking us in the nuts while we are down.
Eastern, Pan Am, Braniff, etc. and other airlines that are doomed to repeat history have nothing to do with labor costs. It was and always will be a direct result of poor management of funds and assets.....basically, lack of vision, selfishness and insatiable greed. The airlines were thriving before COVID-19 only because they were just riding the wave. Lining up their pockets through stock buy backs and not planning for the rainy day should not be yet another burden on labor. Max pay to the last day!