V1cutsrfun
Gomerski'
- Joined
- Jun 12, 2005
- Posts
- 195
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.
This is the single most intelligent thing I have read in a long time...
V1