What if it's left up to the judge?

I posed this question on another thread as I am very curious, but didn't get any feedback. So here it is.

"If the pilots at American were to say, "**** you management, we'll let the judge decide this", can the judge impose pay/rules, etc., that is/are substantially less than your peers in the industry (Delta, United)? Or is he required to consider all those, and apply something that reflects their contractual pay/rules so that American can be considered competitive again?

It seems to me that if the judge were to impose lower pay/work rules than at current competitors (Delta & United, UsAir is not really a direct competitor), he would hypothetically make American much more competitive with their cost structure, so much that it would be to the detriment of the other legacies.

Is this possible, or does he have to apply rules/pay that are in line with the competitors, ie. reduce Americans cost only to a point where it is on par with their competitors? And if said work rules/pay are already sub-par, can the judge even touch these, as that is obviously not the reason that brought the company to bankruptcy?"

Thanks.