I will take this a bit further than some of the previous answers...... Yes, pay cuts and reduced hours/mpg for everyone and no furloughs until next summer at the earliest. Duration of the agreement is for two years.....although there are several triggers and scenarios that might terminate it earlier.
- New scope triggers and limits, addressing concerns that Skywest was doing a lot of mainline flying.....while we weren't.
- Additional 655 people age >50 will be offered early retirement, which will pay them 50 hours of pay/benefits for next two years.
- Displacements cancelled for the majority of the displacements we've had the past six months (several thousand). Saves multiple thousands of train and re-train. Company will essentially keep people 'as is' (hourly pay protected) in their seats, to allow for a faster recovery. Saves literally thousands of CA from down bidding to FO.
- Increased limits for Long Term Disability (up from 8k/mo. to 11k).
- DH in First Class (if available at time of booking). This one has a bunch of asterisks.....

Probably a few other items I am forgetting, but wanted to provide a bit more detail for you (displacements cancelled, early retirements, additional scope protection, etc.)