AS Mgmt and Board's primary responsibility is to make money for the company's shareholders. They're doing that now, as they've been doing for a long time, but in this climate of pilot scarcity and attrition, will face significant challenges doing that, going forward.

Right now, they have the choice of either ponying up the cash to give the pilots a great contract, and keep that printing press going, or, stay with the old playbook, and risk killing the golden goose.

If Gordon Gekko is right that "Greed is Good", then something tells me that they'll want to keep that gravy train rolling.