All I know is that if cuts on pilot pay are supposed to SAVE an entire airline from failing... then that airline has much bigger problems then pilot pay. RYR doesnt seem to be in THAT bad of shape.
Remember that every inch you give, will be 10x as hard to get back.. if even possible. Like I said before... just look at the U.S, and how much guys here sacrificed, only to get shafted and see nothing back.
T&Cs/pay are deteriorating around the world, non-stop, at an alarming rate. Keep all this in mind when negotiating and getting promises from your company.