"Band 1" is the lowest amount of pay per hour that they can give us. If the company posts a 6%-14% profit the pay moves to "Band 2" which is about $5 across the board raise. (I don't have the contract right in front of me so I may be a little off, but you get the point). If the company makes 14-20% we move to "Band 3", again about a $5 per hour raise. Finally, if the company makes above 20% then we move to "Band 4", again about another $5 pay raise. So the pilot pay is tied to how much money the company makes. The percentage profits is based on a look back over the last 4 quarters and whether we move pay bands is evaluated twice per year, May and November.

It was sold to the pilot group in this way. Band 1 is our pay rates, then each pay band above that was supposed to be our "profit sharing". That is the best explanation of "band pay" that I can give. Hope it helps.