1:20:03
lt's not always the most popular guy
who gets the job done.
1:20:10
You've got losses of $20-30 million,
dividends cut to zero,...
1:20:13
..and you're being squeezed
to death by the majors.
1:20:16
The management may not be the worst scum,
but they put you on this kamikaze course,...
1:20:22
..and pretty soon everybody
is gonna be scrambling for parachutes.
1:20:27
Only there's not enough to go around.
1:20:29
Management has them. You don't.
1:20:34
lf they throw Bluestar to Chapter 11,
which l think they will,...
1:20:37
..they'll use the bankruptcy laws to break
your unions, and throw you off the property.
1:20:43
Oh, come on! With all due respect, what's
to prevent you from doing the same thing?
1:20:48
Cos l got a way around all this,...
1:20:50
..where we can all make money
and make the airline profitable.
1:20:55
So what do you say we cut to the chase?
1:20:58
l'm asking for a modest 20% across-the-board
wage cut, and seven more hours a month.
1:21:06
What kind of time frame?
1:21:08
A year. lf we're still losing money,
the reduction stands.
1:21:12
lf we're in the black, l'll return part of the
givebacks, pay goes back to current levels,...
1:21:16
..and we initiate an employee
profit-sharing programme with stock.
1:21:22
- You'll own part of the airline.
- Will you put it in writing?
1:21:26
l'll have a letter of agreement
drafted up in two days.
1:21:29
What's your marketing strategy?
How will you return us to profitability?
1:21:33
Why don't l give Buddy an opportunity
to answer that? Buddy?
1:21:37
Thank you, Gordon.
1:21:39
First, l want you all to know
that my door will always be open,...
1:21:42
..because l know from my dad
it's you guys that keep Bluestar flying.
1:21:46
What l've come up with here
is a basic three-point plan.
1:21:50
One: we modernise. Our computer
software is dogshit. We update it.
1:21:55
We squeeze every dollar
out of each mile flown.
1:21:57
Don't sell a seat to a guy for 79 bucks
when he's willing to pay 379.