Originally Posted by
Guppydriver95
are they as ironclad as our previous “ no furlough” clauses? Or our pension saving rj deal? Will they survive a trip through bankruptcy court? How bout we let Kirby use the cares loan money instead of having the pilots pay for it? Maybe cuz he doesn’t want those pesky exec compensation restrictions or stock buy back prohibitions? Just guessing.
That’s exactly it: the pilots will give concessions so the executives can pay off the restricted loans, resume stock buybacks and bonuses then pocket the rest. Happens every time.