I don't presume to know what management is thinking. My guess is that they think the carrot of a flow and new airplanes will attract new hires even at the proposed pay and benefits.

I believe economics will ultimately dictate our contracts, we're running towards the end of the economic misfortune our country and companies saw in the 2000s, this coupled with the impending regional pilot shortage will cause either wages/benefits to increase or flow type programs to attract new hires.

This is just my theory, I'm not a smart guy or an economist. I have about as worthless a degree as you can get outside of something aviation related. So I could be completely wrong.