You are correct Icarus, but unfortunately the current pilots suffer the loss of income and benefits. It will be several years at best before CX feels inclined to increase pay, and when they do it will be like pulling teeth! The company will reap the reward of the savings on COS18, and they have done it on the backs of their loyal staff. The truth of their intent is that there was no offer of a snap-back provision in the deal. They know good times will return...but those good times will only apply to management and their bonuses. Generally speaking, the career of "pilot" is over as far as CX is concerned.