Gidday M.L.
The chances of REX going "nipples up" as you say is extremely remote. I say extremely remote because nothing in this world is certain, but as far as airlines go, REX are very stable financially. The Chairman has embarked upon a course of action that has seen good developement of the company halted and even reversed. The fundamentals however are sound. REX could shrink the business by a significant margin and not only survive, but still turn a profit, albeit a reduced one!
fritzandsauce,
good analogy mate, and you are absolutely correct. The time to stop accepting the crumbs has well and truely come. If all REX pilots refused to work on their days off it would have an imeadiate affect on the day to day operation of the business. Brutally the major initial impact would be on the hard working staff and long suffering public. But what else can you do in the face of such intransience. The EBA "negotiations are a joke, and the company continues to pour millions into bandaid solutions rather than be a part of the fix.
What's needed is a focus by the board on just how valuable and fragile the supply of professional aircrew have become. Maybe then they may start asking "what can we do to encourage you to stay", rather than, "have a nice life, don't slam the door on the way out!"