Originally Posted by
Halon1211
Hey don’t we need Spirit to be profitable first before we think about contract negotiations? Unless we are negotiating a pay cut??
Gawd no. I think you would be amazed at how much discretion accountants have in what years they take expenses and revenues, how they depreciate assets, etc. They could easily cook the books - quite legally - to show a paperwork loss for any given year that you wanted to amend the CBA. Maybe they couldn’t keep it up forever, but a few years wouldn’t be that difficult.