PPRuNe Forums - View Single Post - Show me the money! AA pilots opener ;-)
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Old 27th Oct 2007, 04:29
  #32 (permalink)  
junior_man
 
Join Date: Jan 2005
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Actually most of the pension underfunding was due to the dramatic fall in the stock market post 9/11 and then the subsequent lowering of interest rates to keep the economy moving. So the value of the assets suddenly became less and the amount needed to be in the account became substantially more due to the low interest rates.

Gates? Most of the LCC and other new entrant carriers seem to have little problems getting them. They have also been awarded slots at slot controlled airport as well.

Maybe piloting a plane is going to be increasing in value, at least if pilots will start to realize that it is at least worth what it was in 1992.
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