I get what you're saying. I too will "wait for the language."

But I am extremely curious what they got out of this. Maybe nothing. It could be an all win no losses for us proposition. Maybe they wanted to give us an all win, no loss Scope deal because the win was limited (possibly even priced in already to a significant percentage of the growth they see anyway) and they're using it as a "home run" to soften the beaches before the broader TA comes soon.

Also likely though is the possibility that this deal contains "relief" for them beyond current book (i.e. for specific JV's and/or theaters). Something that could allow them to pull down more than they otherwise could, but the "quid" we get in exchange is growth they see we're getting anyway that isn't "owned" by our PWA WRT a higher than current global number.

I don't think any theater will "go to zero" except possibly Australia which is by far the most vulnerable to the next JV...or the current one, depending how much we "invest" in Rex...

Other than that, there's no chance Trans Atlantic in general or Air France/KLM/VA in particular will see DL doing 0% in any case. That's a comical red herring. This AIP supposedly prevents that anyway. So it can't go to zero, which it wouldn't anyway.

But there is a LOT of room between PPOS and zero over the Atlantic. Simply saying this AIP prevents it from going to zero means absolutely nothing. How much below the current share can they now take it? That's what I want to know.