IronCityBlue
Blue member (hey wait...)
- Joined
- Feb 5, 2006
- Posts
- 638
Did'nt we just have a downturn? I think he needs to check his calender, we're not due for another 7.5 years.
Its hard to argue that 100_ oil and a recession isn't another downturn. The difference is labor has nothing more to give, and 100 dollar+ oil means even a tiny percent of pissed off labor (pilots) can bring any company to its knees in a heartbeat.
This "downturn" may mean smaller raises, but that's it. They want more cuts, they can take it out of executive compensation and cut RJ flying. Labor has already given at the office.