One more thing - I can give you a very valid "business" reason why that flying would go away and that is a joint contract that says all contract flying in jets greater than 50 seats will not be renewed. This contract is all about who has the power, and to get this deal done, the pilots groups have the power. So if they use it properly, then I could see this as a very realistic scenario. We at CAL are ready for this fight, and I would assume that the UAL guys are as well. How do you think the UAL guys feel taxiing around their hubs seeing all the "regional" aircraft as they think about how their seniority list has been shrinking since 9-11??? If you think they aren't ready for a fight to get that back, I hope you are wrong, and I think you are.
I agree, a provision saying contracts will not be renewed is a lot different than canceling an existing contract.