Originally Posted by flymeaway
The issue is that many employees are skeptical that the concessions are even necessary in the first place. Besides, the company said that there would be no snapbacks to previous wage levels. It's not that they need temporary cash to survive or even to expand - it's that they want to take advantage of the current climate to reduce their payroll liability. Or so it would seem.
There's a lot of contradicting info out there these days.
I'm sure the lenders required CO management to make these cuts in order to do the new plane deal. CO was the last carrier that asked for cuts, long after all the others, and I believe layoffs have been kept to the minimum and from what I read they have kept everyone informed.
Say what you want about Gordo he has done a remarkable job with and for his employees. Now adding new equipment will let CO lead the pack as the economy for the airline industry improves.
I for one will keep buying my tickets (100k miles for 2005 and palns for 50k in 2006) because the entire package of crews, equipment and routes works for me. ^