Originally Posted by
georgetg
Then there is PWA 1.P.4 Note Two
If the company reaches 49.75% for a 12 month period, all previous capacity share percentages will be disregarded and a new three year measurement period begins.
If we fly 40%, 40%, 49.75% our average will be 43.25 but because of Note Two, Delta is off the hook because it met the 49.75% for the last rolling 12-month period.
One year of nearly 50% flying wipes out all accrued flying-deficit from previous years.
Wow. Is there any floor for the two down years then? Can they go zero, zero, 49.75%? What is our lower limit, and YTF does one single year of still below 50% fix 2 years of unlimited downside? Who would ever agree to something as asinine as that? Is that really what this new unilaterally ramrodded MOU allows?
Its not that I have a stedfast faith in ALPA or whatever, but I have a hard time imagining anyone would agree to something as insane as that. Is this really what we just did to ourselves?
If this is true, we need to watch out for a similar POS for Pacific JV's and even South America JV's. I can just see it now...we rotate to grab 49.75% of one theatre every 3 years as we gut the other two for two years. Someone please tell me this is not how it is (and please show your work so a simple guy can understand it).