The ironic point here is that 2 years of sweet FA will end up costing far more than if a half sensible offer had been tabled. By far the majority of bmi pilots I've spoken too are now looking for a rise that will put them on par with what they where earning two years ago (far from industry leading!). This would not have been the case had a reasonable offer been made in the first instance without the "take or leave it" attitude.
Let the battle commence