17.5% Bob, not 25%. Fuzzy math?
AA could have demanded a 1113e if they had waited. An 1113e is if the Company is in dire financial times which AA was not. Instead they were in a position to fund their reorg plan without DIP financing.
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Compensation is more than the hourly wage. I figured that you were talking all concessions when you claimed that UAL got a 20% cut when it was a 14% wage cut. As I've cited on numerous occasions, the cut in Holidays, Vaction, sick time and other concessions added nearly 10% on top of the pay cut, less for many on the bases(more for those who downgraded) because of the Holidays. for the line who typically worked all the Holidays the concession came out to the loss of 100hrs pay, for the Bases they had to work 40 more hours.
And we are not in BK because it is just a threat.
Still waiting for you to produce that post where you claim I said that.