Sailingfun:

OK you're a technical sort of guy who ants the facts and skip any hyperbole. Here's what I remember:

I was a B727 Cap at UAL and on a L/O when the new 737-800 rates were announced and when I saw them I said to myself (as did a large number of others), "we need this!".

We had begun negotiations and were stalled. Most of us were expecting about a 14% raise and then we saw the new rates and the negotiations for an industry leading contract promised to us changed.