Originally Posted by
shiznit
FYP
Public Math:
At $1.8B profit, the PS percentage is roughly 7.28% under the 15% plan.
At $1.8B profit, the PS percentage is roughly 4.85% under the 10% plan.
Total pilot payroll costs will be roughly 15% more in 2013 (pay tables 12.84% and let's be conservative and say 2.16% work rules/soft time).
Old PWA: $100k plus 7.28% bonus = $100,000 + 7,280 = $107,280
New PWA: $115k plus 4.85% bonus = $115,000 + 5,577 = $120,577
You see a pilot making $1,803 LESS in 2013 with the new agreement.
I see that same pilot making $13,549 MORE in 2013 with the agreement.
Was the PS change worth it?
Instead of "public math" you should have called it "public spin". The profit sharing change was NOT worth it, because we shouldn't have given a single concession in this contract. ALPA saw differently on that matter.