I speak against TA1. It does not meet our goals. It looks more like a chapter 11 bankruptcy TA than an industry leading TA.
1. We give away jobs and penalty money in section 1. (potentially lots of jobs and lots of penalty money)
2. We give away Credit hours for Block hours in scope section (how many credit hours do we loose it they wet lease MEM-DFW, SHV, ATL, BHM, STL, IND, OKC, TUL, etc. and the same can be asked about the short flights to and from the IND and OAK hubs as well)
3. We don't guarantee WB pay rates in the penalty section.
4. We sunset our pension and relieve the company of Billions in pension liabilities to receive notional monies that they manage and we assume all the risks.
5. Notional monies don't pay the bills.
6. Our traditional pension improvements have less buying power than the pension had in '15. ( Hint: not an improvement)
7. The pension fund is well funded, what happens to the "extra" monies in the traditional pension?
8. We give away jobs for SMU.
9. Our pay rate increase does not meet or beat inflation since our last pay raise. (Hint, Delta's and AA's does)
10. Don't be confused by a higher percent improvement, its your pay rate that matters.
In short TA1 did not meet the goals. I would rather have been ICE'd by the mediator than give up all these junior jobs. These "gains" are not worth one job.
Bonus question: Does your SMU bank and all other banks stay with you if you are furloughed?
Second bonus question: What's 11% of zero?