Originally Posted by
biggun
I think that is correct. You will hear peeing and moaning for years to come. Likely in the next 10 to 15 years there will be another macro-level economic event that triggers major economic impacts at US airlines. it may geo-political, world health scare (pandemic), regional health crisis (ebola), military conflict, security/terrorism, oil/gas related (middle east peace). It may be government related (re-regulation/de-regulation). You may see further consolidation. No one knows. But, history tells us that every 10 to 15 to 20 years the industry experiences a major contraction, and that contraction is the canary in the coal mine that seems to reflect the mood and health of the national economy.
Why the peeing and moaning? Because we have yet to innocualte oursleves against management's penchant to always go after pilot paychecks. Management is genetically programmed to always go after a labor-cost-advantage on the backs of the pilot group. Every cycle, ALPA, and the other unions try to design a better mouse-trap in order to prevent what seems to always happen.
yeah man… I think they cover that in business 101. When revenues go down you have to also cut your expenses. Not sure that is the graduate-level evil villain sh!t you think it is.
going after pensions, especially with employees who have so little time left, passing a concessionary contract and then heading into bankruptcy... there was some pretty high level abuse in the 2000s. But simply trying to reduce your cost when your revenues are down like 90% or structure your labor such that you can make a better choice for the future of the company knowing you are an extremely dynamic environment… I honestly don’t know how well you would do as a business owner