MM just confuses the issue surrounding the AQP LOA in his podcast. We do have leverage if we don’t agree to the LOA. The company has been, for the last few years, putting together the pieces for an AQP program and It will soon be ready for implementation. The pilots have to approve it via an LOA as it will change our current book (cba). We want it, they want it, but we don’t want to give it up for free.

Why does the company want AQP? It costs a ton of money to start up, but the future cost savings are huge! If we don’t agree to an LOA we block their cost savings. That’s the leverage. Give us some of the things we want and we’ll be open to AQP (even though we want it too).

I’d love to hear the counterpoint in the event I’m missing something.