Agreement in Principle
#81
Gets Weekends Off
Joined: Dec 2013
Posts: 501
Likes: 0
$18 billion in added debt to a company generating what? 30% of the normal revenue? The only rush we’re having is to generate a solution for the pilot group to survive it with continued employment and a worthwhile future. You won’t get to read or meaningfully argue about any such options until next week. Enjoy the show of wild angry name calling and division in the meantime.
#83
When the company uses 2019 pax metrics as a determining factor for snap backs just remember that loads were at an all time high and you are probably looking at 3 years before those will return..possibly longer. So be prepared to sit there happy with whatever you agreed on for as long as it takes...The company will hold you to it..
#84
You look like a nail
Joined: May 2012
Posts: 451
Likes: 0
Because that is money that has to be paid back with interest. If a business takes out a line of credit, the money is there, but it is only used as a last resort. We aren’t in a rush to save the company. The rush from the union is the idea of preventing or reducing furloughs that are less than a month away. The company is in a rush to slow or stop the bleeding by any means necessary.
#89
Gets Weekends Off
Joined: Aug 2020
Posts: 2,657
Likes: 116
It’s probably as fruitless as people listing every time in the past that snap back clauses, furlough protections, saving the pension, or any other concessions have failed. I don’t know if people can’t learn from history, or if they fall into the trap because this time it affects them. This should be interesting to watch once we find out what is actually in the agreement. I’ll get one vote and live with the decision. I just hope that people use math and sound reason rather than emotion when reviewing this thing. Prior to COVID we were potentially getting closer to having a contract that would have actual gains, rather than attempting to claw back from the last time we played this game. My guess is that we end up kicking the can down the road and spend the next decade trying to get back what we already have........again.
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