There is absolutely no reason to agree to a permanent cut to our conditions of service, if anything there is an argument for an improvement.
The company wants to reduce expenditure so that the cash reserves last longer. Part of this is reducing salaries of staff not working. Fair enough. So let us make it a loan. Cut my pay by the same as the senior managers and repay it when we are back in profit in a market of reduced competition. As the company says it wants to retain staff and airframes to make the most of the recovery we would be helping by making a loan in the short term. The alternative is to follow the COSs and pay out redundancy until the aircrew numbers fit the task. And then re-employ as the task increases. Costs more in the short term, placing more stress on the cash reserves.