I have a sneaky feeling that this is a step towards the "old" employment model of RYR, when only the highest-standing TRE, TRI etc had direct contracts with the company. Now's the opportunity to axe the majority of direct contracts, hence get rid of pretty much everyone who gets a base salary, regardless actual flight time. And then, as demand picks up, everyone will be hired on a zero-hour contract with a reduced hourly rate. Quite possible, I think.