Originally Posted by
sailingfun
I guess I had no idea how the grievance process works. Who knew there was a reasonable chance a arbitrator might have ordered the entire shutdown of Delta's atlantic joint venture. Billions of dollars in revenue gone. Reservation canceled for ticket reservations numbering in the hundreds of thousands gone. A entire alliance shutdown! A probable loss in stock value in the billions. All because they came in at 47% instead of 48.5% on the EASK. Can you imagine the WSJ articles!
Red herring. No arbitrator would ever do that, but even if they did, we could agree to an immediate side letter re-allowing it for a few months, or longer, and leverage that hammer to force meaningful changes with penalties for non compliance. Like from now on our half is no less than 51.5% or the JV is null and void. I bet they'd stay in compliance then.