US Airways... Are You Insane?

OK so let me see if I can get this right. I am an airline who is in trouble because my costs are too high. Costs are too high for many reasons such as from bad contracts, bloated staffing etc etc.

 I enter bankruptcy to correct this situation.

My largest cost base doesn't want me to cut his benefits and staffing levels. (Understandable on all sides).

An external suitor who still hasn't got his house (like sorting pilot seniority lists) in order, makes deal to keep said cost levels high. (At the same time screwing his own unions).

Did I miss something?

Just for clarification - I don't doubt the sincerity of all concerned. It just seems to be illogical. 

Cheers










(Picture taken from AA 757 over Lake Michigan)