Originally Posted by
Moonbeam
Plenty of old articles out there explaining how pilots lost their pensions. I believe Wall Street and some hedge funds convinced companies like UAL and Delta to put all pension investments in the stock market and ALPA signed off on it.
I also don't think we have a pilot shortage if airlines are still flying 9 legs a day between Greenville and Charlotte, Denver and Colorado Springs, Lansing and Detroit, etc ... Seems like if they wanted to free up some crews they could reduce the flights that people can drive.
they intentionally underfunded the pension to wash them all in bankruptcy