I don't think its 100% safe to completely rely on either EASK's or Block Hours. There are scenarios where we could get screwed with either, even if we did get half. We need both in a way that fairly captures our share.

But at least we should get half. And last I checked, half is half, not some BS "flex" number, the bottom of which becomes the new ceiling in perpetuity.

I like the concept of ESK and BH, JV and global, in theory. The real question is are the percentages enough? I don't think they are. The BH floor is (correct me if I'm wrong) significantly less than we're currently doing, and we're also essentially forgiving their current refusal to honor our half of the EASK's even if you define half as the lower limit of the fake "flex" amount.

All of that is a loss and there's really no other way to spin it. It doesn't appear to be a huge loss, but why are we losing anything in the most unreal negotiating environment and relative industry economic times in the history of the world?

That said, I really do like the 3 year measure/1 year cure being replaced by a hard 2 year period. I suppose in theory that might partially make up for it, because you can't just look at the percentages in current book without also realizing that there is no floor for 3 years balanced only by finally giving us our agreed upon share for one year, and then down again for 3. That is insane and we shouldn't use any lawyer who green lighted that language ever again. So that part is definitely an improvement.