Bob, whether the winner is McCain or Obama...I don't believe the former pay and benefits of airline workers (from the cockpit to the ramp and the hangers) will ever be restored to the former comparative levels....just as I do not believe that passengers will ever again experience the perks of airline travel that were a varying standard of the past.
Both were the product of a regulated industry (which could pass on the costs) that is long gone and never coming back. The bottom could fall out of oil prices and competition would cause fares to fall; but I don't see the airlines restoring either the pax perks or the employee pay/benefits.
And I don't see any President or a Congress controlled by either party doing nothing in the case of a general aviation strike. And if AA employees decided to go it alone..... well the country survived the demise of PanAm, Eastern, Braniff, et als. The planes, routes were picked up by others. But what about the employees? Didn't they lose jobs, location, seniority and all that goes with it!
But as one who also lives in NYC, I fully understand the pain of the cuts on those who live in similar high cost areas. But that is another story involving both AA and TWU history.
UPSILON,
The only thing deregulated by the ADA of 1978 was Employee Wages.
Ownership, Senior Level Managment, Operations Plans, Staffing, Employment, Airfield Access, Suppliers, Investments O, By and Into the Prospective Air Carrier, Prospective Routes and Route Authorities, Selected Access Into Slot Controlled Airspace, Maintenance Policy and Procedures are all subject to a myriad of Governmental and Political Approvals which may or not be granted on an enterprise or individual basis without cause or resort.
While the airlines can bypass the RLA Status Quo Provisions through the BK Code, Union Employees have no such regulatory relief to self-help.
While the airlines can continue to sell tickets at the same time filing for BK Protection, the customers have no relief for the failure to deliver the service purchased.
While the airlines can continue to sell tickets for flights already booked full, the passenger denied boarding is prevented from recovery of any economic loss suffered by that denial.
While the airlines can schedule service into markets which do not have the capacity to handle the capacity requested, the customers cannot recover economic damages for the failure to reasonably schedule services.
While the airlines are freely granted slots at airspace owned by the US Taxpayer, but restricted by the ability to accomodate all of the requested schedules from the air carriers: those same air carriers are able to trade/sell/lease those same freely granted slots to others in the industry with no payback to the taxpayer.
I could go on and on, but, I hope you agree that the US Air Carrier industry is anything but degregulated.