Originally Posted by
SilverandSore
That's a fine theory when you run a business in a vacuum, unfortunately, that's not the environment the airlines are in. The airlines with a better cash position (which is funny in and of itself) are holding out to see who folds first. Knock a few of the big guys out and then things start to change.
Then the airlines that fold first declare bankrupcy, renegotiate their contracts, squeeze labor out of rmore money, emerge "leaner" and "stronger" so the airlines with a better cash position to begin with have to go into bankrupcy and it goes on and on....
We've done that before. It doesn't work for us as employees and works very well for executives.