Noseeum is correct. They could care less about their employees and will NEVER invest anymore than they are forced to by outside sources (eg- FAA/NTSB). Anything more than that is a waste of their money and bonuses.

Managements' plan was working pretty well for years when they would just continue to extend the current contract and mid-level to senior Captains were flooding out the door. Now the music has stopped and there's no where to go...

Think about it, every time a 7yr Captain goes out the door that's just another 20 grand of retro pay the company gets to pocket. Now that's not happening.

I still don't see management making any contract movement until the pilots are released by the NMB, and that is still going to take some time...even at this point.

Make one thing clear, the company and CFO are scrambling to cover this note. You can read it in the 10k transcript and in the conference call. Just listen to the questions from the investment firms.

CB