I feel sorry for pilots now after last week to be honest, those "golden days" of ground breaking pay increases are well and truly over now. The amount of money these airlines will now lose is staggering, AA's share price was down 42% after yesterdays trading.
I'm afraid that pilots salairies will be one of the first thing they look at in the massive cost cutting that will have to happen. In other words, it's a giant s**t sandwich and we'll all have to take a bite.
And remember, the most important thing to any airline has always been cash flow, even stopping flying for a day, hurts airline companies more then you'll ever know.