Well, we did give up something I think. Just like FDAs allow the company to get much more productivity out of the pilots, this LOA allows the company to get more productivity too. They get a smaller 767 bid pack because they can essentially use the 757 guys to sit all the reserve. Thus, we need less pilots in the company to do the flying as they don't have to be inefficient in covering standby, reserve, draft, etc. When they pay only for what they use, they get a benefit.
What did we get? Essentially just confirming the 767 is a widebody paid aircraft. I don't think we got much else and I really think the company would have paid us that rate anyway or there would have definitely been an outcry. We don't pay enough attention to what our goodwill to the company is worth. If they lose that by doing something as silly as paying the 767 at a narrowbody rate, it would have worked, but with everyone up in arms, I don't think it would have been worth it to them.
Essentially this LOA seems to be a non starter for me. Since it seems to benefit the company more than the line pilot I will vote NO. And, I will also vote NO on anything they put out until PBS and non-seniority pilot flying revenue trips (management pilots like UPS) are off the table. I think we get a section 6 resolution faster when they have something they want...we trade away LOAs too easily in my opinion.