StaySeated
IBT does not represent ME
- Joined
- Nov 27, 2001
- Posts
- 782
It is only a matter of time. The 5000 hour reduction was just a softener. I am surprised they are mentioning fleet reductions prior to asking for more coin. The nibbles are a little out of order compared to recent filings. I thought for sure that Bain Consulting would have been brought into the mix on day one, maybe they figured that they do not need that much leverage after the loa passed so easily. LOA was the first bite, then the reduction in flying, now another pay cut with the impending loss of aircraft. The new rates will get approved and then in 24-36 months (the main reason they filed prior to the new law was timeframe) they will say they can't exit reorg without more cuts. That will lead to round 3 of cuts, if comair is still part of the mix. One thing is a given, 70 seat flying for 50 seat pay will be a part of the sh1t sandwich. Good times.