We may have forgotten what happened just prior to the May 2003 draconian concessions the TWU gave the company without a revote when the terms changed. Our own Jim Little sold out the membership in his arguments in a federal court in NYC. So here it is. Some of the events. Time to brush off the 2003 dust and wake up to the reality of the 2020 retake part two.
https://www.wsj.com/articles/SB10506789815359000
Quote from a Forbes article.
"American was able to avoid bankruptcy by gaining painful concessions from its unions back in 2003. Employee salaries were slashed between 16% and 23%, while thousands of employees were laid off. The unions at American figured that taking a big hit on their terms was better than having possibly larger cuts forced on them while in bankruptcy."