I'm hearing something similar but with a different twist: management is expecting fuel to stay high and thinks a recession is coming. The combo of the two is why MG doesn't care if the airline shrinks, accelerates ac retirements, and sheds capacity. bring down the costs and maintain high margins and EPS. I'm hearing that MG only agreed to offer the union full contract with new rates and retirement because he knew that the union wouldn't take it and he wants to be able to tell investors that managmenet tried but the union just wouldn't play ball.

just what i'm hearing...