Even if it did, what could you do......shut down a money losing airline during a recession with record fuel prices and force a liquidation?
AirTran made a public financial statement that they have, at the end of the 2nd quarter, more cash on hand than they have ever had before...
Bad 1st quarter? sure. Bad year? Not if oil keeps coming down and loads stay where they are... it won't be fantastic, but things are not as bad as they seem...
Pilots are action oriented people and have trouble understanding that sometimes you don't have any leverage and you must avoid the fight until the battlefield is more level. You must have the patience of a saint grasshopper; for everything there is a time.
The problem is that the LOA didn't get us most of what the NPA leadership SAID they'd have to have, such as:
1. REQUIRE the company to give Leaves of Absence. The language still says "may".
2. REQUIRE the company to offer early retirements with benefits. Nada.
3. REQUIRE the company to never be able to do this again - hold probie pilots hostage. It only says "pilots CURRENTLY on the seniority list". When AAI hires again, they can do this all over again.
It just "furloughed" them to protect the NSLI's, which is all the company originally said they want. It allows them to keep COBRA throughout their furlough (whoopee, I can get a cheaper policy on my own than Cobra), and allows them to retain pass privileges (one of the FEW things this did, which was free to the company anyway).
It did give the ability for pilots to bid a "zero time line" IF the company offers them and those lines are just basically you taking a month or two off without pay but keeping your pass privileges and health insurance. Not too many people can afford to just not work a month.
It also gave the ability for Captains to bid down into an F/O position. For instance, if a junior lineholding CA realizes he's about to be on reserve, he can voluntarily bid over to be an F/O if he wants to stay off reserve, becoming a very senior F/O with the lines he can bid in that seniority.
This ability ONLY applies within your own fleet type; you cannot bid down into another aircraft (saved the company the training cost).
It also required that any NEW instructor positions be filled by furloughees. How many instructors have left? Not many...
Was it worth it? You decide. Personally, I still have heartburn with any LOA's while contract hostages are still out, especially ones that protect *SOME* pilots who were about to be held hostage but not others. Smacks of discriminatory practice...