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You're right Ty, the wholly-owned sub is called AirTran Airways...for now. If SWA chooses to keep you as a wholly-owned, they can name you whatever they please.
Regarding codeshare, you're almost half right. Though our current contract prohibits domestic codeshare, I'm quite sure our pilots would be willing to waive that part under certain circumstances. As far as your contract, don't be foolish enough to think any language in you new contract can prevent SWA from doing whatever it wants with you.
There's a reason your MC is so actively requesting that your group lower its expectations lately. They know what can and can't happen. Listen closely to them when they explain it to you.
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No, I mean cold, hard cash gains, and benefits gains, and scheduling gains, and domicile gains, etc. So if it works out that you lose a captain seat, you don't lose money, but gain it.
A Captain at AirTran who has been here for 8+ years is on $ 153 an hour. The 8 year FO rate at SWA is around $139 (converted from TFP).
It's a pay cut to become a SWA FO.
The fact that you could make more if you jump through hoops doesn't interest everybody. Nor is it set in stone. I do recognize that for some there may be the QOL differences.