Originally Posted by
Check Essential
I mainly just wanted to toss out a subtle reminder that even our little 4,8,3,3 pay raises came at a significant cost.
The old "what are you willing to give up for that" rears its ugly head. We gave up a large chunk of our profit sharing. And that could be a pretty big number if we have many more "blowout" quarters like the current one Anderson described in the LCA meeting.
(oops, are we now allowed to say what happened in that meeting?)
Im guessing the ALV increases and or headcount cost is big. I think ALPA said that the contract requires 270 fewer pilots. Im not sure what our average pilot cost is. About 140 a year plus medical etc. cost at a minimum.
270 X 140,000 = 37,800,000
3 years X 37,800,000 = 113,400,000
So by reducing the pilot headcount by 270, the company saved 113 million throughout the life of the contract? These are obviously rough numbers, just trying to illustrate that the reduced pilot jobs is a huge savings for the company. I'd love to see the amount of $$$ required for each section of our contract.