Interesting article in the Wall Street Journal recently regarding companies...and jobs.
It would appear that many employees (more than 60%) would accept lower pay and benefits today in return for an assured job tomorrow.
As the airline industry in general is not immune from the economic climate, would suggest that employees (including pilots) are in the same boat...and this does NOT exclude senior management either.
If your airline disappears, the bills don't stop at the mailbox.
Now, would ALPA senior pilots accept lower pay in order to keep their younger, less senior guys/gals employed?
Suspect not.
