Originally Posted by
chrisreedrules
The longer this drags out the worse the economy will be and the less leverage labor will have. This is why I have been saying I will be shocked if ANY major airline gets a contract anytime soon.
The flip side is that a chronic shortage of pilots will force wage growth well above inflation. If the economy tanks in the short term, it relieves pressure on the company demanded forced productivity. Remember the permanent ALV reduction we scored during China Flu?