If that is the case, then we are going to get the stuff that FedEx HAS to have anyway. The rest will of the LOA will disappear.

The postal LOA failed and that was the last we heard. Many thought that FedEx HAD to have that to fly the postal freight. They didn't get it and the freight moved. We left money on the table on that one, but we avoided some onerous work rules. I think we did the right thing on that one.

I'm not sure what we gain if we leave the money on the table this time.

The main reason, in my mind, that they even negotiated an LOA is that they would like to get more seniority in the Captain seats. They ran the costing and it was worth it. When this is voted down, they will impose the tax provisions they need and accept the seniority level that that results in.

I do not believe that there is ANY fear in management's mind that the captain seats will go unfilled. The unfilled F/O seats will go to new hires. The 757 is coming slowly and they will have time to fill it. I don't think HKG will be stood up instantly either, so they have time to fill it too.

I'm still leaning towards NO, but I'm concerned about what happens after that....