I understand (and agree with most of) your point, but the statement above pre-supposes that the increase in hourly rates has exactly the same value as the reduction in profit sharing. In C2012, hourly rates increase by 8.5% in 2013 offset by a 33% reduction in our profit sharing up to $2.5B.

That reduction had a value of up to $42M, which is roughly equivalent to a 2% increase in hourly rates. So our W2 went up in 2013, but by only 6.5% and not 8.5%, all other things being equal , e.g., hours flown, etc.