Basically, yes. Number 2 could be delayed significantly, with them operating us separately for a while first, but it's clear that the threat is that we'll be out of our jobs eventually.
As was obvious previously, you don't have a clue what you're talking about. There is a difference between an A-Fund pension (a defined benefit plan), and a B-Fund pension (a defined contribution plan). B-Funds cannot be terminated in bankruptcy like A-Funds. The money in a B-Fund is your own money in your own account, just like a 401k. The difference is that you don't have to make a contribution to get the money in a B-Fund. The company just has to contribute, and you only contribute if you want to. In your case with the 401k, you don't get any money if you don't contribute, and if you do contribute, the company contribution is still less than what our contribution is even without us having to put in a dime. I wish you guys would wake up to the benefits of a B-Fund. That could be the next big contract gain that we could make as a combined pilot group.
You obviously aren't factoring in premium pay and other soft time. It's really not that hard for a senior captain to bring in $250k. We had lots of guys breaking $200k under the old contract's pay rates, and we didn't even have premium pay under that contract.
Yeah, that's not a threat.
None of this is ALPA's fault. Waco can try to paint it that way if he wants, but this has nothing to do with ALPA. This has to do with our pilots making a decision on their own that the risks are too great, and they'd rather take the sure thing than fight for years. ALPA would give us full support whichever way we went, but the decision is ours, not ALPA's.
We first proposed something a little bit less than relative seniority. It was less than relative seniority, because we were attempting to give them credit for their greater number of retirements. They said no. We eventually worked back to a DOH integration with seat protections for our captains. Still no dice with the SWAPA guys. We finally proposed DOH with our captains under the 50% mark losing their seats, which would have been a few hundred guys getting displaced to FO. They wouldn't even agree to look at our proposal. So, we end up where we are, with something far less than DOH.