Well...who's really bluffing here?
Gary/SWAPA or FAPA?
In pushing for anything other than what is being offered, FAPA is betting that Gary and friends are bluffing that they won't go ahead with the acquisition unless they have prior agreement on SLI.
Personally, I believe Gary and Co. are NOT bluffing. They will walk away rather than have the B.S. labor unrest that will come about if they acquire, and then have to deal with, an A/M & B/M arbitrated SLI.
Here's the deal, short and sweet the way I see it ( Who gives a Rat's ? )
If Frontier was tooling along, having exited Bankruptcy, with money in the bank and a profitable few quarters (years) behind it...WITHOUT QUESTION IT WOULD BE ABSOLUTELY THE RIGHT MOVE TO BE PLAYING HARDBALL WITH THIS.
In the current environment at Frontier ( BK with no exit finanncing ), airline industry shrinkage /reductions/furloughs, global recession, nation wide unemployment, shrinking economies, and not a pilot job on the friggin' horizon as far as the eye can see...IT IS ABSOLUTE FOOLISHNESS TO NOT JUST EMBRACE THE SWA OFFER AND THANK YOUR LUCKY STARS.
Calling a bluff is a fool's game at this juncture. Take the hand you've been dealt and run with it.
Just my silly opinion.
Correct me where my logic fails me if you would.
Thank you for shopping at Wal....Oh sorry, I'm off duty now.
YKME