The direct correlation is that the way the DIP covenants are structured (with cumulative targets instead of looking at each month or quarter in isolation), once you get behind the 8-ball, it is nearly impossible to get out of the hole.ualdriver said:However, I also read that these pay cuts will take place next year, mid-January if I'm not mistaken. Hence, there may or may not be a direct correlation between making our 4th Qtr DIP requirement and what happens the first 2 quarters of '05 and beyond.
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But, you and jetz have become our very own UAL320pilots, where everything with your employer is just rosy and wonderful days of expansion and growth are right around the corner no matter what the reality of the situation is, so I guess we will just have to agree to disagree and we will see what happens.