Completely differnet industry but I have a good friend who works at one of the major oil/natural gas companies here in Houston, well actually texas city. Anyway, the hourly workers that are in a union were threatening to strike unless they got their new deal. I guess their old one just happend to run out earlier this year and a new agreement hadn't been agreed upon. So they threatened to strike and literally hours before they went on strike a new agreement was hashed out.
I asked the same question, how can they strike AND demand raises/concessions in this economy. My friend, who is not in the union and not management either, basically told me that they had no control over it. The contract for the union workers ran out when it ran out, economy bad or good. They have no control over the economy, but when it comes time to negotiate better terms for your workers, the union needs to do what it needs to do. Just because the economy is bad now doesnt mean it will be in one year, two years etc. Just because the mandated time line of when an agreement should have been hashed out falls in a time of bad economic times shouldn't be a penalty against the pilots of amerijet