FlyerTalk Forums - View Single Post - WSJ article Jul 13 2009 implies AA and others possible bankruptcy
Old Jul 13, 2009, 6:58 pm
  #14  
tom911
In Memoriam, FlyerTalk Evangelist
 
Join Date: Jun 2000
Location: Benicia CA
Programs: Alaska MVP Gold 75K, AA 3.8MM, UA 1.1MM, enjoying the retired life
Posts: 31,849
Originally Posted by thechosenuno
Chp 11 is a big stick, and AA needs to use it to its advantage.
So you're fine with them jettisoning their pensions to the federal government, as UA did? I suspect you'll see employees make some concessions to keep AA out of bankruptcy before they surrender their pensions and see them capped at $54,000 a year. That would hurt the pilots the most, and I would guess mechanics right behind them.
tom911 is offline