For all you guys anxious to lower ALV to help mitigate furloughs, prevent BK, save the day etc - chill out. There may come a time when it will behoove us to come to an agreement with management but that time is not now.
All these fatalistic cash burn predictions are base on current (nil) revenue. Even in a depressed slow comeback revenue will skyrocket compared to April and May. We are at the nadir of this cycle. If revenue even returns to 50% of normal that will buy us additional time.
If the company really needs our help they may want to honor their previous SIL agreement. Until they do that we do two things - jack and squat. For all of you pressing for a quick deal at our weakest financial position what makes you think management will honor any agreement? I mean things may
"change." They have a lengthy track record of deception, misleading us, and using every financial trick in the book to get around numerous previous agreements. If they want to draw on the goodwill of the pilot group they first have to establish some goodwill.
Finally if BK is truly on the table (I don't think it is) no agreement is worth anything. It all gets wiped out through the sophistry of the BK code.
Lets just all take a deep breath and see what the next couple of months hold in store for us. For all we know Chuck Norris could be working on something as we speak.
Scoop