Originally Posted by
slowplay
For a guy in your situation (very reserve A320B) you're going from a 70 hour guarantee at a payrate of $108.83 (annual income of $91,417) to a 75.5 hour guarantee (averaged) at $138.48 (annual income of 125,465), and you'll still have 2 years of step raises left. If an increase of $34,000 (37%) for a first officer is "chump change" I'd like some more of that. Oh, and if we grow you won't be on reserve so the pay will be even higher. Make sure you tell your wife.
In the first 18 months of this agreement pay rates go up 16.2% with an additional 1% DC thrown in on top of that. Reserves get an additional 8% with guarantee increase. I've explained the profit sharing ad nauseum, but if something goes wrong in this world I'm sure you'll be clamoring for the conversion back to profit sharing...
Sure, that's neat and all that my pay as a reserve will be going up... but that's hardly the big picture. This contract will keep me off the widebdodies and make upgrade longer (lower reserve staffing) and allow outsourcing to last longer in the future.
I could care less about profit sharing, really. What is astounding is that these crappy overall paybumps had to be funded by the reduction in the profit sharing. If the paybumps were, say, 20% by Jan 1 and another 10% in 2014, then that would be both more believable and more on the road to industry leading.