First off, don’t take my interpretation as inclusive. Watch the videos.

That said, here’s how they addressed that question...

Management - NEA will happen anyway, but not “Great” NEA, just “Good Enough” NEA. Pilots won’t get furlough protection or the 2% raise. No mention of going back for round 2 on the LOA.

MEC - We will continue forward, NEA is already underway. We won’t have “the protections” offered by LOA 13, nor the 2% raise. If/when the company violates our Scope, we will immediately file grievances. Section 1.I, which requires Scope violations to be ruled on in 60 days, may not be possible because it may take months just to get our case seen in COVID world. Will company renegotiate? Coin toss. Maybe, maybe not.

ALPA National - Salty old dude that once handled Orville’s grievance against Wilbur says that in the hundreds of these LOAs he has handled, sometimes the company comes back and sweetens the pot. Sometimes they come back to the table but if the industry circumstances have worsened, the deal is worse than the original one. And sometimes the company takes their ball and goes home.