Originally Posted by
Chimpy
historically the paycuts on rate alone have been what? Post 9/11 the rates were cut 40- 50% werent they?
When Frontier went chapter 11 the pilot took about a 20% pay cut, gave up a little sick/vacation time and a maybe a small decrease in 401k contributions.
But they asked for a small stake in the company in exchange for those concessions. 4% of the business if I remember correctly.