Southwest Airlines pilots' union took issue at a company proposal to cut pay rates by 10%.
"Our goal is to protect every pilot job so we can be prepared to take advantage of revenue opportunities when customer demand returns," Southwest said in an emailed statement. "Until then, we must also begin to restore our balance sheet by more closely aligning our loss in revenue with lower costs." On Friday, Southwest proposed the 10% pay rate cut to its roughly 9,000 pilots. The union, the Southwest Airlines Pilots Association took issue with the across-the-board reduction and force majeure clauses, which it feared the airline could lean on to furlough pilots anyway.
I think the CEO's should forego their multi-million dollar packages for a year.
Don't worry. Pelosi will take care of the airline execs...