I don’t understand why some of you keep saying this is a revenue problem not a cost problem. It’s both just as it was after 9/11. If you don’t have any revenue coming in, you have to preserve cash which IS a cost problem. If you don’t, you’ll go bankrupt plain and simple.

I’ve heard some pilots say bankruptcy is inevitable so we should not do anything to reign in cost. That is one helluva self-fulfilling prophecy. I’m sorry how bad things were in the past and I recognize our profession was nearly destroyed financially. That should not, however, prohibit us from reducing our monthly credit. This is very different from reducing our payrates.

Can any of you say that maintaining high cost compared to revenue is wise?