The curious omission is the equity. It's been
widely reported that "both pilot groups lost equity in the proposed new airline by not agreeing to a deal before the merger was announced."
So, does that mean 3.5% for Delta (which would be consistent with LOA 19 +) and something less than 3.5% for NWA, or does it mean that we're all splitting something less than the 7% from February's tentative agreement?