Originally Posted by
Han Solo
Has this management team done anything to help the pilot group? If they provide information that reduces fear and anxiety which are their 2 primary weapons for extracting concessions. This is a very real economic crisis which barring any further black swans, will end in 2-3 years. The company knows this and they are using fear to try and extract decades of concessions.
They can try if they want - however, using history as a guide. Post 9-11, we were in an active contract and took three annual pay raises. Then pre-bankruptcy we took a 32 % pay cut and work rule concessions. In bankruptcy, another 14.5 % pay cut and more work rule concessions. The point is - until bankruptcy was a realistic and imminent threat, work rules and pay did not change. We are in a much stronger financial position than post 9-11 and will come out of this. No concessions!