I guess it may be a good thing I’m not in charge of American Airlines. If I ran the airline and a judge had already told me that I could void the pilots contracts, I don’t think I’d be back at the bargaining table with the pilots.
And yet, AA is telling the pilots it is going to continue to contribute to the pilot’s retirement accounts. Now, it’s not in the pension accounts the pilots want, it’s a 401K. But, 11% of your base pay as a contribution to a 401K plan is pretty darn good in today’s market.