Originally Posted by
jetset
And the idea that the “leverage” works for both the union as well as the company depending on how it plays out.
Oh, if you ever get to the right side of the graph, the leverage against the company is phenomenal. You don’t have to idle a few billion dollars worth of aircraft while the fixed expenses (loans, leases, maintenance, gate leases, insurance, etc.) continue to march on before the company MUST concede or go bankrupt. But it can be a long long wait at substandard rates and work rules before you actually arrive at that point. That’s no reason to NOT keep the process moving (what choice do you have really?) but everybody needs to realize it’s going to be a long slow slog.