They had no choice. If they didn't agree to it, a bankruptcy judge would impose it. It's in management's best interest - and the pilots - to have everyone agree to the cuts so they don't have morale problems.
More Quotes from Vaughn Cordle:
It's offsetting all the good progress American and the other airlines are making on their non-fuel costs, specifically in labor.Vaughn Cordle
You have an entirely different industry with oil below 50 a barrel and with oil above 60.
Vaughn Cordle
It was always a bad concept and never made sense. None of the big carriers would give up seat capacity. They matched them on every route. Even with their own bankruptcy problems, all three major airlines had more financial resources than tiny Independence.
Vaughn Cordle
They have a right to be upset, because what management is proposing is quite dramatic.
Vaughn Cordle
You watch. The first thing these airlines will do when they get on the other side of bankruptcy will be to announce exciting new growth opportunities. We'll be off to the races again and headed for another restructuring.
Vaughn Cordle
Readers Who Like This Quotation Also Like:
Based on Topics: Law & Regulation QuotesI lay in the bed at the hospital and said, 'let's see what I have left.' And I could see, I could speak, I could think, I could read. I simply tabulated my blessings, and that gave me a start.
Dale Evans
Good advice is one of those injuries which a good man ought, if possible, to forgive, but at all events to forget at once.
Horace Smith
Hope is the only bee that makes honey without flowers.
Robert Green Ingersoll