Originally Posted by
flightlessbirds
...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.
Yes, we should expect people who have been on the property for 2-3 years to have already fully paid off student loans, no other debt, no kids, a spouse with a job, and have several years of living expenses in the bank.
