I don’t currently fly professionally. I would have disclosed that to you earlier if I did as I have a lot of respect for you, Chris and Tory. Thanks for all you do on here.
The reason I know so much about the Republic contract is I was recently accepted to their LIFT Academy. I’ve also been based in Indy (Republic’s headquarters) for the last two years and fly on their aircraft probably 2-6 times a month for business, so I’ve had a lot of interaction with their crews, and recruiting staff at airshows/events around Indy.
This is how they explained their contract to me in my own words… They signed a new contract in 2015 with an amendable date of Jan 1st 2018. The LOA I provided a link to was the amendments to the current contract and it addressed pay rates through 2024, PDO, and employer 401k contributions (maybe a couple of other things but those were the big ones). It also has an amendable date of Jan 1st 2021 so they can readdress any industry pay rates/other issues at that time. If nothing is agreed upon at that time then the new pay scales still have raises through 2024. My understanding is airline contracts never really have an end date due to the Railway Labor Act, but it does have the before mentioned amendable date, so I don’t think I’d call it open ended. My apologies if it came across that way. Most of the rest of my contract info comes from APC or talking with crews when I fly for business.
Beyond that my story is somewhat similar to yours when you started at ATP except I’m an executive at a logistics company instead of a “Somewhat successful restaurateur.”