Agreed. The way I read it is that 1% isn't just a paycut, but overall lowering of labor cost. The savings could be realized in places other than a paycut (think insurance, vacation, etc). No thank you.....
The savings can be realized in more efficient ops, like not ferrying a jet to avoid paying a pilot an after midnight. Savings in reduced insurance cost, less vacation, etc is nothing more than concessions. Sorry, but not going to happen. Record profit sans sales means even more record profit as sales increase, which they are. On our backs, wearing more hats every day fixing their miss cues due to support staff reductions.