Sorry, no more revisionist history! Here's the excerpt he won't post from the joint letter. Source: C1 update July 6, 2015

What If YOU Say “No”?

The initial 8% hourly pay increase in the TA is significantly offset by the JV production balance, sick leave, and productivity concessions. Next year, the 6% is almost totally offset by the profit sharing conversion (assuming a PTIX of at least $6 billion), but we get about 1% more in vacation and training pay. Any raises granted to more than 30% of our fellow employees will be matched for us, up to 3% annually. In all, we realistically stand to not realize the initial net increase and probably not much more, if any.

With no change to the PWA, management will continue to be out of compliance with the AF JV production balance. Their issues with DCI will only grow. The PS they pay to the other employees will only grow. Their staffing issues will only grow.

To say that this is the most favorable negotiating environment would be an understatement. No other airline in the history of aviation has produced the profits that Delta is now producing. Think about the whole TA that you will be voting on. Draw your own conclusions.

Should you reject this TA, we would propose to reengage with Mr. Anderson at the earliest opportunity as truly equal partners in search of more suitable ways and means by which to strengthen the company’s business model and our role within that model. Our mutual goal should be to further enhance the standing that Delta Air Lines enjoys atop the airline, indeed within the overall transport, industry.

In closing, we would like to thank everyone involved in the effort put forth thus far in crafting this TA. All of those involved have worked very hard in getting us to this point. We look forward to reconvening with our colleagues on the MEC to discuss our next steps, however you decide.

Fraternally,

Council 1 Captain Jon Lewis, Chairman First Officer Eric Hall, Vice Chairman
Council 20 Captain Bill Bartels, Chairman First Officer Rich Wheeler, Vice Chairman Captain Tom Bell, Secretary-Treasurer Council 54 Captain Jud Crane, Chairman First Officer Roger Goodwin, SecretaryTreasurer Council 66 Captain Tom Brielmann, Chairman First Officer Chris Hazleton, Vice Chairman Council 108 First Officer Ryan Schnitzler, Vice Chairman