In arbitration both sides, company and pilots, present their arguments and then the arbitrator makes a decision - it usually is somewhere in the middle, and it will certainly be better than nothing! Also, since Trowser mentioned it, regardless of the fact that Frontier is a privately owned company, the companies financials will be disclosed to the arbitrator. A non-disclosure agreement is standard for arbitration. That said, the company will likely try to taint or bias the info it discloses to an arbitrator to favor its argument.

Our grievance is specifically over pilot pay increases per language in LOA67, the scope of the arbitrator's decision should be Company Performance/Financials = Appropriate Pilot Pay. No other decisions should be rendered, an arbitrator can't tell us to go back to the table to negotiate pay increases under LOA67. He/she renders a decision, and we're legally bound to it.