Just finished reading the last arb transcripts. I am glad I didn't become a lawyer because I couldn't stand to do that kind of thing every day.
Here's my two cent prediction of how the arbs will rule. For what it's worth.
I tried as best I could to look at it as a neutral party would, and I really payed attention to the arbs' questions and comments for any indicators of what they were thinking.
Sorry to say, I believe the final list will be a mishmash. I just don't think the arbs were blown away by any of the proposals, and the lawyers were able to offer some decent rebuttals to each of them. I was a little disappointed in a couple of my own side's witnesses who I believe should have better anticipated some of the questions. With some preparation, they could have knocked them out of the park. I must also say that I saw similar stuff from witnesses for the other two committees.
I think the arbs will come up with some kind of basic formula and then throw some credit toward each side so they can say that they are being fair to all. So I think they toss some credit to the East for attrition, toward the West for Nic and toward AA for widebodies. How much credit they all get is the million dollar question.
Parts of each list will think they did ok and parts will think they got the shaft.
In my humble opinion only.