One more time, for emphasis:

"Most of the contract talks are likely to center on basic compensation—hourly pay rates and how much carriers pay into pilots’ retirement plans. “There will be a business discussion of pay as it relates to revenue,” Moak says. “You can argue about $2 or $2.05, and that matters to the crew member,” but “you’re working on the margins” on the new contracts, he says."

Alan, was that clear enough for you?

So if that whole thing was a 'misquote', where's the retraction?

I agree with his latest letter, about the real pilot shortage being a Pay shortage, but he stopped short at the RJ level. He could have also included US, and the massive losses in pilot pay/benefits/retirements at the MAJOR airlines as well! Why would anyone want to suffer years on an RJ only to come to a Major...and work for 1998 pay rates...in 2014?