I would expect the demise of the L.O.A. (it's not a Tentative Agreement once it's been ratified) should be counted against a portion of the 19.3 million management is looking to extort from the pilot group.
As you noted, the L.O.A. requires to company to compensate pilots according to the old contract language, should the company fail to live up to it's obligation. I would expect the union to subtract the value (to the company) of the L.O.A. from that $19.3 million demand.
I seem to remember the L.O.A.'s cost to the pilot group being pegged at somewhere around $8 million. If that's correct, that puts the pilot group nearly half way towards meeting the $19.3 million demand...before touching any section of the remaining contract.
Just some thoughts...I see the L.O.A. as an integral part of the contract that has a definable value. If the aircraft don't come, or are parked...the company owes everyone a previously negotiated raise, unless through negotiations the union offers to give up the L.O.A. in exchange towards credit against the $19.3 million demand.
As you noted, the L.O.A. requires to company to compensate pilots according to the old contract language, should the company fail to live up to it's obligation. I would expect the union to subtract the value (to the company) of the L.O.A. from that $19.3 million demand.
I seem to remember the L.O.A.'s cost to the pilot group being pegged at somewhere around $8 million. If that's correct, that puts the pilot group nearly half way towards meeting the $19.3 million demand...before touching any section of the remaining contract.
Just some thoughts...I see the L.O.A. as an integral part of the contract that has a definable value. If the aircraft don't come, or are parked...the company owes everyone a previously negotiated raise, unless through negotiations the union offers to give up the L.O.A. in exchange towards credit against the $19.3 million demand.