Originally Posted by Rogue24

On the AF JV its EASK's . Overall we fly smaller gauge jets. 3 767's to one AF 380. We shrink block hrs more than they do, but we also will grow at a greater rate than they will in a upswing economy. That is the upside we have not seen.

On the V Australia JV, the 21-7 is before 50-50 growth is part of it. They are at 14 weekly rt's. It means they add one more daily rt before they hit that threshold of 50-50. If they go above 14 column B applies and our bottom end threshold applies.(7- not 5) That could be a one extra frequency on day a week to LAX flight to bring them up to 16, not another route. What is the column B weekly avg in the 12 month not 36 month measurement period like the AF JV?

Also note that all growth that V Australia has in the Pacific is included in growth not just mainland US. (very good)

The flexibility initially does not force growth for the Delta Pilots but it does push their pax on our domestic network at a min, and quite possibly our LAX-SYD flight. (not good for DAL pilots and good for sustainability of existing routes)

All growth above 21 in Column A is 50-50 (very good)

They (VA) can pull down frequency and we are not required to pull down frequency or markets like the AF JV (very good with the attacks that Australia is getting from EK. (long term this may be a real big winner for DAL pilots)

This JV gives DAL great incentive to have the revenue flown on their metal unlike the AF JV which is totally metal neutral (good given the size and scope of the JV)

The set up for this JV is not eye watering in the terms of growth, but it will push more pax to our DAL pilot flown flights thus making flights like LAX-SYD more sustainable on the main deck. (good)

It does allow DAL to go to five flights a week if V Australia is at 14 and 4 flights a day under approval, but forces V Australia back to 14 if we go below 7. It is more complicated but read the TA and look at the matrix and read the language of the TA not just the NNP(good and bad)

In the end we are talking about a small JV with the possibility of some growth for the DAL pilots in the future that is equally shared after 7 frequencies are added by V Australia.(one frequency per day) Its not a gigantic deal but it does allow for hard bottom end protections and equal growth going forward. The cure period is 12 months and we are not going to start a new measurement period in March 2013, but conclude one. The measurement period is 12 months not 36. All of these difference need to be noted.