From the CBA, also protected by our “Nic award” arbitration

Required daily minimum reserve coverage will be es-tablished by the Company based on its experience as to the number of required reserve pilots. The required daily minimum reserve coverage may be different for a given day and vary across category, and domicile. Electronic Shift Trade will be programmed to approve a net credit loss transaction on a “green day,” i.e., a day with reserve coverage at or above the required minimum reserve cov-erage. A “red day” is a day when reserve coverage is be-low the required minimum reserve coverage. Electronic Shift Trade will be programmed to approve a trade with open time that allows a pilot to add a trip on a red day and simultaneously drop a trip on a red day that, relative to the required minimum reserve coverage threshold, has better reserve coverage. At the end of each quarter, the Association will review the amount of red days in which trades/drops were not allowed due to coverage issues. This “snapshot” of red days is taken after the publication of the final schedule but before the opening of the initial open time bid. If the number of red days in a bid month exceeds 25 percent in any one category/ domicile, the Company will decrease the minimum required reserve coverage threshold to allow for the approval of a greater number of net credit loss transactions.