To me the worst of all was the handling of our profit-sharing retirement plan. Before we had a 401k savings plan the company had a profit sharing plan. The contributions were small and in those days having this plan prevented us from having an IRA too. For several years the company's revenues were as high as ever but the company prepaid long-term debt, showed no profit and as a result we went for several years without any contributions at all. Incidentally, while our present plan is much better, without a contract nothing prevents the company from dropping their matching portion nor from completely discontinuing the plan.
History can easily repeat itself.
We will run our union as we see fit and we will be under no one any more than the Air Log pilots are under anyone. We are the union. To suggest that we tarnish the image of the company is demeaning and overlooks the achievements and sacrifices which we and our fellow line employees have made. We also know what PHI will do and how they will act when there is no more union threat. Now is the time for all pilots to accept personal responsibility for their own future.