Originally Posted by
DarkSideMoon
Or, this floats them through a temporary crisis, passenger demand is back up to 80% of where it was within a year, and nothing significant changes while at the same time protecting pilots from financial ruin.
Let’s revisit this in a year.
...even in the rosy 80% case the concessions will be the new baseline that all contract costs will be negotiated from (regardless of whether they are labeled temporary now), driving down compensation long term. ZW’s contract still hasn’t recovered from the concessions in the 2000s even with automatic raises built in. The company will gladly cash the concessions checks the pilots write and promptly demand more.
Anyone who entered this profession at the peak only has themselves to blame if this situation causes financial ruin, especially with Uncle Sugar paying all to sit around since March.
Plan your life under the contract you signed up for. Save for furloughs. Have a plan B. Don’t expect those who did prepare to torpedo the profession on your behalf to save your poor planning.