At the rate UA is losing money, they are not looking for ways to continue paying for your insurance and 401k contributions. Management is not going to pay anyone they don't have to. It sucks. I've been furloughed. It is what it is.

Back of the napkin:
5,000 pilots x 50 hrs x $180/hr + $8.55 million 401k contributions + $5 million insurance = $58.55 million per bid period
Any CEO that would do this should be let go immediately. None of this matters unless the company and the contract both make it to the other side somewhat intact.

Here's an idea. Next time you need to have your car worked on, hire 4 mechanics and pay them each 64% of what you normally would. Gotta keep all those mechanics employed. Makes sense, huh?

Pipe