Originally Posted by
sailingfun
The key thing we lost was the amendable date. Huge giveback especially in light of the current price of fuel. We also lost the 1.5 reset on profit sharing and a huge increase in RJ's plus a increase in the allowable gross weight for some of those aircraft. We will see a real income decrease over the life of the contract as inflation eats away at the meager raises.
Oil may not biggest issue on our horizon right now. Have you looked at the economy and stock market lately? They are in free fall. The government just took over a corporation and that did nothing to stop the free fall today. Tens of thousands of high paying jobs are being eliminated. As long as these people were employed and their companies were making money, they were able to pay for the extra oil expenses. Mark my words I bet we start seeing a big drop off in demand as corporations eliminate all unnecessary travel. If the loads drop off, it won't matter if oil goes to $70/barrel if we can't cover the cost of flying the people we have.