Buter, this is sad. LH is probably the best performing airline in Europe and their pilots have the best T&Cs. Air France-KLM has been performing high as well (and surely will soon) with splendid T&Cs too. The same applies to Southwest.
The idea that the financial health of an airline depends on pilots' T&Cs is poor managerial vision. Forget about it.
Only here do we consider a profitable airline goes with over-loaded pilots on crap pay. Very, very narrow and biased mind.