A member of our MEC (Master Exec. council) told me in person that even a 15% pay cut would make little difference in the overall financial picture at this US airline.
I would be willing to accept a a pay cut-especially if it prevents a number of furloughs. Apparently, our company has not seriously sought pay concessions, but pilots near retirement are offered a 55-hour month with full benefits and no retirement penalty, while we are all limited on some planes to 75 hours per month.