UAL
At one time 1988-90, This pioneer of aircraft construction and transportation decided to stretch out into rental cars and Hotels. Hertz and Hilton. At various times, this legacy carrier has had multi-tiered pay scales for identical work, hat requirements and various exercises in areas unrelated to its core business, originally A/C building, then transport when forced to divest of the building part.
Oil is part of the reason, but not the only one. Not the only aging fleet of midrange A/C, United has some 100 runout airframes, as does American.
What serendipity!! A reason that makes "sense" to the shareholders, furloughees, and other line staff. Don't need hundreds of pilots if clapped out Boeings are headed to D/M. Same MD-80.
Is UAL and its Board creating a new 100M slush fund for executive benefits, incentives and golf money? Standby. When the line had 10 managers in Flight Ops, it had dozens and dozens of "VP'S" SYSTEM WIDE.
She'll land on her feet. Not having to shell out 3.5B for new Boeings and sustain an overloaded staff works wonders for the available execapital to cushion the fall of those admins who had to worry until they came up with the perfect move (s). $6/share?? Hmmmmmm.......