Probably true, but the simply fact is that last 7 years of aviation history suggests that keeping dying companies around well past their sell-by day, hasn't helped the profession much. This is doubly true when concessions by the pilot group (usually the lions' share of the concessions) don't contain snap-back conditions or the like.
What good is done by saving a few guys careers sitting at the top of heap, if we do by cutting the jobs of everyone at the bottom, and reducing the negotiating position of those who remain?
I don't think that anyone can deny there has been an overall downward racheting effect on pilot pay and wages since 2000 (with the exception of NJ.)
So, if we want the profession to prosper on a twenty or thirty year timeframe, there's going to be pain, and some are going to feel more pain than others. In the case of 1108 and early days of unionization at FLOPS, there was acceptance in principle of a union seniority list. Now, there were a thousand miles between that and some kind of working fractional pilot seniority list that was usable, but we accomplished more on that score with a 30 minute phone call than ALPA did from 1978 onward.
In the specific case of FLOPS, the ball is, and has been, in the FLOPS pilots' court. Too many simply lack the courage to swing. Pain was someone else, as long as the had their left seat in a Hawker or X or large cabin. Now, that's being threatened. I think that Winston Churchill stated it best when he said:
"If you will not fight for right when you can easily win without blood shed; if you will not fight when your victory is sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves."