As far as I know, we were never entitled to 1st class lounge on an ALT.
Confirmed Business seats with Business lounge pass, upgradable to first seats as available - for Captains
Confirmed economy seats and no lounge pass, upgradable to business seats as available - for F/Os
That makes perfect sense if you sit down and think about it. As for the rumour about no lounge passes for the wife and kids traveling on ALT, very bad if true.
What about the old rumour of 2 ALTs since they've restricted the primary leave to only 3 weeks......