It's something that I think needs to be discussed at a lot of the carriers Bill. I posted a thread earlier this month discussing wages and it got a bit heated, but I really do think that a lot of these labor contracts need to be renegotiated and pay cuts will ensue. The thought that the airlines can pass along their high cost structure to the business passenger is long gone. With all the new electronic distribution channels and discount programs for corporate clients it is going to be nearly impossible for the majors to make money given their current cost structure. I think Siegel will be only the first of many CEOs to talk to the unions and work out some sort of agreement.
Don't get me wrong, I'm not advocating riding labor's back to profitability, but I'm not going to ride their wage structure and watch the company slide into Chapter 11 either.
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