If this is true, look at the numbers: First of all, what is the duration of the contract? Let's assume 4 years. The contract has been open for 4 years with another 4 attached to that. A 12% pay increase equals a whooping 1.5% pay increase per year! Wow! Food stamp recepients get more of a raise than that. Then there is a $20,000 signing bonus? Again, divide 20,000 by 8 = $2500 per year. Of course that does not include taxes and ALPA's chunk of the proceeds. Jay Pierce a hero? He's a hero for management and that's why they are thanking him. Next time let the F/A's negotiate for the pilots. At least they have cajones.