Yes and no. After talking with UA AMTs I hear the A320 is not far off the 737 on LC and HC. That said it could be 24 months before the first LC. The MD80s leaving is already causing a dip because of the parking of aircraft before the LC/HC is due. I don't think there is much of a market for MD80s, especially 300 of them.
I personally don't like the term "saving jobs" because either way - 3/22 term sheet or TA - we are losing jobs. The difference is the amount of job loss. The 3/22 deal is over 4,000 jobs while the TA is around 2,500 either way it sucks. We are in the crappy position of picking our poison. Voting no will not prevent any of the jobs being lost so what we are really looking at is pay and benefits IMO. Can we get better pay and benefits by voting no and risking abrogation? IMO in the next two to three years I am saying no we will not get better pay and benefits than what is in the TA. Why do I say that?
I am firmly convinced that the judge will abrogate the CBAs if we vote no. Lane has said in open court that he will not rewrite the CBAs but abrogate only. What AA does after that is up to them. What I think will happen is AA will impose the 3/22 term sheet and operate under all other conditions of the existing CBAs that were untouched. The TWU did after all did TA many articles up to this point and has stated they will honor those parts although they don't have to. The TWU will then have to try to litigate any changes that AA implements that we feel are improper or not necessary which will take time. Meanwhile the TWU will try to open negotiations through the NMB. Given that we are still in BK the NMB will probably not be very aggressive on a negotiating timeline. With AA set to exit BK late 2012 or early 2013 we should probably start talking around mid 2013. Given AA's propensity to stall I expect we will be talking for months maybe years before our first TA or the NMB grants an impasse. After all, we will be negotiating with the New AA.
But wait, here comes the merger back door slider! If AA enters in to merger talks with other airlines like US, Frontier, jetBlue, or AS we could be stalled even longer. Negotiations may not stop however a short term bridge agreement will be written like UA and CO and we will then sit down with the merged airline management team.
All that said voting no will not get anyone a quick pay day. If we vote yes at least we know we are getting money in our pockets now and an early out for those that want to leave.