I'll probably vote for it.
It ain't great but will we really get better by stalling? Look at United. They shot down the Tumi TA and still don't have a 2nd deal. A year of recalls and union dysfunction ensued after they voted it down. Does it really benefit us to give the company an interest free loan for another 1-2 years? They probably want us to say no.
Then there's the question of the economy. Sure everyone has been saying a major recession is 6 months away for 2 years now but you have to admit that the global economic climate and geopolitics ain't great. Sure we have less international exposure than Delta or United but we have a lot of exposure to price sensitive domestic leisure travelers who would likely go back to flying the ULCCs if there's a downturn. Ask yourself if you think this is going to get better or worse for us in 2 years. Do you think post covid "revenge travel" will still be happening next summer?
Finally do you really think they are going to dump another bucket of money on the table or completely overhaul TTS and work rules? I'm not sure it's worth it to hold out another year+ for 1% more and some minor work rule changes. It's definitely gambling. I don't believe the company will offer a great deal more or that APA will deliver.
I say lock it in while we can. An okay deal is better than no deal and I agree that our leverage has probably peaked. It's not like we're looking at a regional or ULCC contract here. We're pretty close to Delta and better than what United shot down.