The word "global" in that context strongly implies some kind of nominal upwards adjustment to the Global Block Hour floor, but likely in exchange for more "flexibility". We need comprehensive common scope reform. Protections for both BH and ASM's, global, theatre and JV, 46% is never "half", and sharp enforcement teeth. No more blaming the other company for not pulling down when needed; we'll pull the code for them until they're in compliance.

And we need to get in front of VAus situation. We should have helped them build and compete their domestic while positioning our metal to do all US-OZ flying. Once they regained stability and can grow, they get 1 international to our 4-5 (by that time) and we can "share" from there. Now our competitor has let us burn all that alliance money as they take over a viable domestic OZ feed to suppliment their superior TransPac capabilities even further. What's left for us? Maybe we can invest a few billion in Bonza...