Originally Posted by Lewbronski

Are you kidding me?

Today, it’s announced that:

1) the company is in advanced negotiations for 30 MAX jets,

2) Pfizer’s new COVID vaccine is 90% effective and could “fundamentally change the direction of this crisis” by March, according to Dr Bruce Aylward, the WHO’s senior advisor,

3) the company has proposed a new agreement that consists of the following:

• A reduction in guarantee to 80 TFP for all of 2021.
• Delaying the longevity pay rate increase date from September 1, 2020 to January 1, 2023.
• Extend the contract until December 31, 2022 with an early opener available in July 2022.

Also, today the airline industry ETF “JETS” rallied 16% and is up more than an additional 2% in after-market trading as investors are signaling renewed enthusiasm for the airline industry’s economic prospects,

In the midst of all of this, the company is rushing to soak us with a regressionary agreement. As many have pointed out, they’re not letting this crisis go to waste. And, as they sense it all coming to an end, they’re hoping we’re stupid enough to lock ourselves into something that will delay for YEARS any gains we are due as the industry reignites in a post-COVID world. We’ll be kicking ourselves for a long, long time after this whole thing is in the rear view mirror if we are dumb enough to approve it.

Even the TSMITR dude OTOF who is widely lambasted as a company apologist thinks the company’s proposal is an overreach given the rapidly improving economic and industry environment.