I think many people have a false of the Ts & Cs at BA. My friends at Virg have a much better deal when all things are considered. For an FO their pay is not too dis-simmilar, they work MUCH less hard and have staff travel we can only dream about. Not to mention the time to command ( 7 years against 20+). The days of BA captains with the Ferrari, boat and airoplane are rapidly going.
If I do nothing then BA will take over 35% of my pension and I will be left with Ts&Cs that can be matched or bettered elsewhere.
If I and my colleagues strike and BA goes under then I will lose what small amount of pension I have accrued, I would stand a very good chance of being employed by whoever fills the void (BA2 or whoever) on Ts&Cs that probably match what I'm on now and a pension that might be better than what BA are trying to do (look at a comparison of BARP and Virgin plan).
I can't really see the argument for moderate behaviour and compromise - what have I got to lose?