Originally Posted by
Oberon
Do you think labor peace alone is worth 38% or are other areas of leverage worth something and labor peace brings us up to 38%? How much do you think labor peace is worth?
Does anyone know what our current contract costs? It would be interesting to estimate a cost for certain items. For instance if we think labor peace is worth 10% we could say it is worth $xxx million. I think that would be useful in determining how reasonable one's position is.
I'm not picking on you Carl. 38% is pretty specific so you must have put some thought into it. I'm interested in your cost projections. 38% sounds pretty good. How do we get there?
Since 38% comes up quite a bit short of restoring the pay cuts we took in an extreme financial crisis for Delta, I think Carl is being quite reasonable.
I'm willing to be even more reasonable. I'd take 25% on day one, as long as the next 3 or 4 years provided increases large enough to get us close to full restoration of those pay cuts (in terms of buying power) by that point.
I realize your context for this discussion is very limited, Oberon. But the perspective Carl and I are giving is the perspective of someone who has been around this profession quite a bit longer and apparently has a better appreciation for the value of what we do as professional aviators.