Maybe. Or maybe there just isn't enough among the existing pilot ranks to cover 170 airplanes. That's a mighty lot of effort to make an example. And this isn't 2007- it's 2014, and the landscape has changed quite a bit.
Bill Sprague elaborates here:
http://aviationblog.dallasnews.com/...on-to-turn-down-american-eagle-contract.html/
I'm not sure I would hang a career on the idea that they can't cover flying for 170 airplanes because they can. It wouldn't be pretty, overnight or convenient but they could.
Here's a historical example on a much, much smaller scale.
Back during the "Larry Risely" days at Mesa when Midwest Express had a contract with Air Midwest to fly a fleet of 1900s to feed their MKE operation, Mesa was the "carrier of only option" for a lot of airlines and they certainly acted like it.
Rapid growth from a carrier flying cabin class pistons, Caravans and Beech 1300's into flying 1900's, Brasilias and Fokkers and they got a little "I'm the only surviving male on a desert island full of desperate women".
Midwest Express wanted some changes made, their operation tightened up and expected quality to match their Midwest Express brand of "all first class service" for their loyal passengers.
It was like this scene with Judge Smails in Caddyshack:
…largely because what airline can afford to not only serve it's customers and replace their Mesa feed?
Midwest Express wiggled out of their contract with catlike quickness, formed Astral Aviation with 1900D's with most of the same pilots and kicked Mesa and their 1900C's to the curb in what seemed like a commercial break.
The road forward is going to be treacherous, scary, and maddening and it's
just begun. Eagle, as you now it, may survive, they may not — it 100% depends on what the "money" wants because the "money" is going to give Doug Parker his marching orders. That may be instructions to come back with an agreement and move forward, that may be to scale the company down.
Think of bankruptcy like a wagon train. The board holds the yoke but labor and even your CEO are pretty far back in the wagon by the dry provisions and the barrels of water.
I'm glad that a pilot group has decided to stand up for itself. Absolutely. But keep the high fives and "Yeeeeeeeeeah, so SUCK IT PSA!" to a minimum as the real scary stuff, and hard work hasn't even started yet and keep your powder dry.