Why are some of you happy that Delta will take a 32% pay cut? The whole idea is that we make more money, not less. We have taken the brunt of poor management decisions and our (collective as airline pilot's) pay has decreased in terms of real dollars ever since deregulation.
Meanwhile the average compensation of executives, doctors, judges and lawyers has soared, never mind the obscene bonuses paid to Wall Street leeches that have had management rape pension funds and pay rates to pay for stock buybacks and ill advised aquisitions. Northwest is the best example of this. An airline that had the best balance sheet, most planes paid for, goes CH 11 in heavy debt due in a major way to Chechi and company selling assets to finance their takover.
Look around you. $200,000 per year is dick these days. In Phoenix that gets you the ability to buy a 2000 sq ft house. Not much compared to what it used to.
We should be outraged at the failure of our union to uphold the terms of our contracts. Concessions should never be imposed by a judge who has already shown she is out of touch with reality.