I agree that they're not stupid. Was fuel hedging part of the "plan" too? Will the whole sorry enterprise be sold to a Chinese carrier? The Managers care only for themselves and can move to Shipping, Bottling or Property ( from whence they came) with little regard for pilots who they now regard as a bloody nuisance. They used to regard us with huge respect but were ordered, over a very long period, to stop that.
Let's see what their end game is. What a strange Corporate strategy.....