I watched something on the news about this. The holiday fare reduction will amount to a tiny fraction of what the surplus is. In the end they may end up getting more revenue do to greater ridership, but their costs won't be going up because of it.
I'm not looking forward to a strike and I hope they settle before friday. Don't worry though if they haven't settled before Thursday though. The union really has nothing to gain by settling before then and having the strike loom over the heads of officials. The strike is always the bargaining tactic for more gains. If they settled beforehand, the heads of the union would get flak that they could have gotten more from management. The city, besides the Taylor law preventing strikes from public workers (10,000 ft view, please don't cite chapter and verse), doesn't have a bargaining chip.
Anyway, see you on the road.