Originally Posted by forgot to bid

Well, can you blame him if he meant 15% over the life of the contract?

All he probably ever hears is what are you willing to give up to get 20%?

So he settled on 15% and probably 2% yoy. He's beaten down and his expectations have been tarnished thanks to ALPA national who is practically demanding for him to give up good jobs to their lowest paid members of the union in exchange for nearly nothing.

Not to mention that Richard Trumka has volunteered us all to help Van Jones' new anti-tea party party. ? We'll save that for another day.

BTW, a 15% increase yoy will in the end (not taking into account the time value of money which if we're dealing with the dollar it's anyones guess what it'll be worth) but 15% yoy vs 60% upfront and cola after that is a wash.

The 15% YOY would increase cost $450M/year on average (according to airlinefinancials.com) beginning with a $350M increase and ending with a $500M+ yearly increase.

The 60% up front would give us $1.4B initially and then there would a $70M-ish raise per year.

Sure we'd like it up front but I also don't want the sum of money becoming a C2000 style target to be retrieved in less than half a decade and any concessions made to get that pay not returned.

I'm open to 15% YOY.