Originally Posted by
pipercub
One leverage of a joint contract is the company does not get the efficiencies and savings of a joint company tell its all together. The longer they 2 are left apart the more and more it cost and less savings they will see. So to an extend the merger puts some time constant on the company. That that it will make us a windfall but in 3 years there will be multi new contracts done at the other carries again.
are you talking about just the pilots are separate or the entire operation? Management told Wall Street that they will see 100m in “synergies” once they have a single operating certificate. Maybe others can help but i am pretty certain you can have a single certificate before a JCBA and SLI?
I think getting a 50% savings on 2/3 of your pilots is gonna outweigh whatever “synergies” management misses out on by having separate operations. Company is telling Wall Street there are synergies just on the revenue management and loyalty side.
Again, I’m not saying management wouldn’t like to get the JCBA done for all the unions, but we have a whole lot more to lose if we don’t get a deal until JCBA in 2030 than management does. Thats why I’m skeptical management will give us something that could get ratified.
my prediction: management gives us something they know won’t get ratified (think NK retirement, slight improvement to LTD and then SY rates with no work rule improvements). It goes for vote. Gets voted down. Management washes their hands, say they did their best, and drag us out for years in JCBA.
I hope I am wrong, but I remain skeptical.