While we're all waiting, here are some interesting facts to mull over...
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SWAPA has officially stated that their average Captain makes over $230,000/year. They go on to say that their average pilot gets 105 TFP/month. The current 12 year Captain rate at SWA is $186.06. So, at 105 TFP/month, that translates into an annual income of $234,436, which is consistent with their statement of "over $230,000."
They get a 9.3% company match for their 401k. So, they have to contribute 9.3% in order to get the match of 9.3%. Of course, this is still money that is paid to them. But they cannot use it for living expenses if they want to get the benefit of the 9.3% company contribution. So you could look at it that their average Captain pay is $212,634 (before taxes of course) and they are getting an 18.6% DC contribution.
There is also profit sharing, which for the past 5 years has averaged 8% at SWA. As I understand it, their profit sharing goes into their 401k too.
So, total compensation for the SWA Captain (including DC and profit sharing) = $234,436 + $21,803 (company match) + $18,755 (profit sharing) for a grand total of $274,994.
Assuming our average MD-88 Captain flies 80 hours per month at the current 12 year rate of $168, that translates into an annual income of $161,280. Add in the 14% DC contribution of $22,579 and the profit sharing he got for last year of about $7500 for a grand total of $191,359.
For our MD-88 Captain to have total compensation equal to an SWA Captain, he would need $83,635 more, which would be a percentage increase of ~44%.
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Oh... and Section 1 (scope) must take very positive steps to reverse the outsourcing. Read my lips: NO NEW RJ's!
