Competition is a good thing. Look at the service where there is only one game in town, like SAN, SFO, ASE, BOS, etc. Monopolies foster complacency which breeds reduced service and lowers customer satisfaction. Competition also keeps prices reasonable, sort of. Kind of relative when you think about the costs involved for fractional ownership.
I can only hope this is just more BS, like B19 "hearing" we are parking 50 jets. Some people love to spread doom and gloom so they can pat themselves on the back when they are proven right. Doesn't matter that in so doing they are relishing in the pain and suffering of lots of people.
The conditions at FLOPS, however, have been deteriorating for far longer than the current economic conditions. And to fend off comments form certain individuals here, well before the union entered the scene.
I can offer nothing but thoughts and prayers to ALL of us, as the storm ahead will no doubt do some serious damage to lots of good people. Except for management, who will probably reward themselves with huge bonuses for allegedly "limiting" their losses.