Originally Posted by
forgot to bid
From my best estimates, with just shy of 10,800 pilots flying the line and given their average seniority multiplied by the pay tables with some assumptions thrown in for benefits and employment costs and so forth I think we're spending just shy of $1.7B on the pilot group.
If we didn't change the ALVs (using Sep 11 numbers) and went to SWA=DC9 pay you're looking at $800M cost increase. Or an increase of $138K average pilot pay (not including benefits, employment costs) to $208K or a $70K increase.
I'm assuming.
Originally Posted by
acl65pilot
My math backs up yours.
Warning! Cocktail napkin math below!
2008: $19 Billion of debt = Approx. $1.5 Billion of debt service
2013: $10 Billion of debt = Approx. $700 Million of debt service (refinanced to better terms)
Difference: Approx. $800 million
2013-2018: 100 737-900ER's "cash accretive from day one"-R. Anderson
Mo' Money to pay down debt!
Even if only $800 Million in reduced debt service:
$800M divided by 12000 pilots = $66,667 PER PILOT.
They can pay us that much right off the bat, its just a matter of how we want the money split up!