[powertower]

Airline unions usually negotiate the payout contract to between 95% to 98% of the expected airline's profits (what is the airline going to do? shut down?).

When the airline does not make the expected revenue, by numbers, they end up having to borrow money and pay out a sum that ends up being over 100%.

Collective bargaining rules.

Hence the ever bankrupt airline industry.

http://philip.greenspun.com/flying/unions-and-airlines

[kjhghj]

with all those nasty unions stealing all your money it's amazing that the executives want to carry on running the airline - it must be the pure love of flying that keeps the CEOs in the job