And, then let's talk about contract "maturity".
Historical Contract Work Rule Comparison
• Current pilot contracts all contain provisions which are based on deep historical roots from past bargaining
•Relatively weaker work rules in Continental’s pilot contracts are the result of decades old bankruptcies
•All Continental Airlines’ union contracts were unilaterally abrogated in 1983 during the Lorenzo era bankruptcy
•This comparison highlights the differences in work rules and benefits stemming from Continental’s first bankruptcy which have largely remained in CO pilot contracts until the joint UA/CO contract was approved in November 2012
