Not sure what you're saying you're predicting, but if profits disappear (total market disaster) then not only would there be no PS money, there is a 100% chance they would come hard for concessions. Heck, they're doing that now to almost everything except pay rates already. In a "total market disaster" collapse, they will come for the pay rates too.

When things recover, we will NEVER get the current PS tiers and levels back.

Oh and how cool will it be going in to a total market disaster with work rules that require fewer pilots and a JV system that looks at a foreign 380 the same as our 757 on a route? What if a rogue MEC chairman says its OK to paint any foreign airline DL and call it DL and use their pilots? Don't think Donatelli would do that? He's agreeing to that very language right now.

Pay is easier to lose in a downturn and is also much easier to get back than work rules. This TA hammers work rules and staffing while providing a huge fleet replacement in lower paying AC in exchange for a relatively modest raise in the best negotiating environment in industry history. If I was a manager thinking 4 steps ahead of the line swine playing a long game to absolutely dominate them, this is EXACTLY what I would be trying to do.

We're getting played. Hard. We're outmatched. Send it back and do it right, for as long as it takes.