Pros
Senior management change was necessary. The company and morale was like a scene from the Wiz when the Wicked Witch sings "don't bring me no bad news". It was dark and sad place to work and everybody kept their head down so they did not get Jordan's wrath. When management changed it was similar to that movie, everyone shed their dark clothing and began singing "can you feel a brand new day". Senior management change is good, keep working your way down the management chain though.
Cons
Change was good but a long long way to go. We have found out the Wiz is still trying to find his way and really does not have any special powers. Just an ordinary man thrust into a position of power. There are still flying monkeys at middle management level he is either ignoring, afraid or unaware of and they are doing a good job of hiding. Need to review who are the people actually interacting with employees and not getting the message that the Wicked Witch is dead. Cutting bonuses was not a good morale booster and that blame is on new management not the old. Guessing all the money given to pilots and flight attendants is why the larger part of your staff got nearly nothing in bonuses and likely the same or none in the next 4 years. Spin it however you want but without an infrastructure you have no business. Shame on you!