I think folks should zoom out, take 72 hours to learn all of the nuanced details of how this deal actually works, and understand why there was unanimous consent by the MEC.
Will, Joe, Garin, Ronan, and the entirety of the elected representatives support this deal. Of the elected reps there were zero no votes. What’s more likely? Did they suddenly all turn into company kiss asses, or did they evaluate what they ended up with scrupulously, asses the real negotiations landscape, and decide this was a TA worthy of putting up for vote?
Furtrhermore, what do we think a no vote of 51-70% will yield us in negotiations. Do we get realeased from mediation because we think we deserved retro back to 4/1/20 when the revenue had fallen off a cliff for the entire industry? Do we think a mediation board releases us for that? Do we get released because we think we’re worth 330 right now when AA or likely ends up at 305(I’ll happily eat crow if AA ends up significantly higher.). Our MEC has been talking with other MECs to understand the pulse of their realities too. So has the company…
Every voter most certainly has the right to a no vote if that’s what they think the right thing to do is. I would only ask that you think seriously about what executable leverage you have about forcing something materially better and in what timeframe. If we shoot this down maybe the company coughs up more in retro and rates sooner rather than later, or maybe we go into protracted mediation… what will the mediator say about who has bargained in good faith… in my eyes the company just reset the clock if we choose that path. I don’t know if this is the absolute right way to evaluate this situation, but it’s my perspective.