This is a long shot but if KQ needed a real turnaround it would allow itself to go "bankrupt" all while continuing operations (get all debt guaranteed by GoK, register new subsidiary, transfer assets and guaranteed liabilities to new CO...).
This will give it a clean slate to put in place new contracts for the pilots.There are tons of pilots from well trained ET who would love to earn 3/4 of what KQ pays its pilots.
As it is its on its deathbed and it will bleed slowly and painfully to its grave and drag with it billions in taxpayer money since the shareholders are already holding negative equity.
Investment philosophy development in progress...