Bruce Lakefield addressed the MEC at the MEC 1Q meeting on Thursday, March 10th. His opening comments were read almost verbatim from his prepared text. Here are some highlights of the discussion from our notes:
·Oil is at $55/bbl., original Transformation Plan called for $35/bbl.
·Without new equity investment, we will liquidate.
·We are in survival mode, chasing equity.
·The pilots did a great job of going back to work and doing their jobs after concessions, unlike the militant rampers. (Again blamed labor for the christmas meltdown).
·There is too much seniority in our workplace. Seniority equals a “sense of entitlementâ€
·(When asked about contract compliance) This is a two-way street. I have a problem with the employee’s sense of entitlement. I’m just trying to “save our asses.â€
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