Never defended, only commented on what happened. You really need to work on not putting words into people's mouths. It's a bit too...millennial of you.
Since you asked though, downgrades would have helped the company financially for sure but staffing is based on bodies needed, not what they are making. Even if the company had downgraded to a 60/40 ratio, they still had the staffing needed to cover the flying during the downturn. My opinion on that has no bearing on how these things work.