Originally Posted by
Emb170man
um..Carl....maybe they didn't teach math back when you were in school....the above 15% per year for 15 years is not 300%...it is in fact 813.7%....ever hear of compounding interest? I'm not a huge fan of a lot of what the FAPA side has done (RAH guy myself), but every post you have made on this board has been inflamatory and unnecessary. Go back and fly your 747 (I still don't buy that one) and leave this to the people involved. You are about as useless on here as Dirty Rat spouting his crap.
OK, since I can't get any Frontier guys to answer the question about annual pay increases for the last 15 years, I'll just have to answer the direct comparison between NWA pilots and Frontier pilots.
NWA: After at least 15 years of continuous increases in all facets of our contract, a leveraged buyout took NWA from having a no-debt balance sheet to a near bankrupt airline by 1993. Management came to us asking for concessions during a weak revenue evironment. We told them to go pound sand. They threatened bankruptcy, we told them to go ahead. Then our national union advised us that since a BK judge could take away a lot more than the 10% that management was asking for, it would be less damaging to the profession to accept this. Especially given the fact employees would end up with 37.5% of the company and have 3 seats on the board. NWA pilots agreed. Fast forward to 1998 when airline revenue environment was strong and NWA management came to us wanting concessions. Management wouldn't budge, so NWA pilots struck the airline and shut it down. Not one pilot crossed the picket line. Not one out of 5,500. This despite the fact that we were being told that we are destroying our meal ticket and not to fall on our sword for ALPA and all the other carriers. Management backed down after 2 weeks and we got our increases. The CEO went off to run Burger King.
Frontier: After 15 years of (unknown) pay increases, Frontier goes BK in 2009 during the strongest revenue environment since 9-11 and takes the typical hits. Frontier is auctioned and bought by RAH out of bankruptcy. During the strongest revenue environment since 9-11, Frontier pilots agree to additional concessions.
To compare NWA pilots in 1993 to Frontier pilots today is necessary by those who have to excuse their behavior by any means necessary. The fact is that Frontier pilots are acting totally in their own self interests. And in doing so, are undercutting and demeaning the profession further. If your company is not making it during the strongest revenue environment since 9-11, it's obvious what will happen if there are negative changes to revenue in our immediate future. Your acceptance of anything to save a failed management team executing a failed business plan hurts us all. But it's history now.
Carl