Originally Posted by
MtnPeakCruiser
Not to get everyone's hopes up, but FWIR as part of those pay concessions, there is also language that stipulates an early snap-back if the company financials show 2 consecutive years of 5% pre-tax profits. It is my understanding (but don't quote me, ask Zooropa), that FAPA has records indicating that occurred in 2013 and are pursuing 2014 records to enact the early snap-backs in the first half of 2015.
Someone correct me if that doesn't sound right.
You can pretty much forget 2013, the transaction created such an abortion the numbers are basically a bag of ****.
The 7/1/11 payable will be implemented if we have one year of >5% pretax profit. Otherwise this will be implemented in January 2016. We will definitely hit > 5% in 2014, so this table will likely be implemented in April 2015.
If we have two years of >5%, the 1/1/12 table will be implemented. Otherwise this table will be implemented in January of 2017. It is possible the 1/1/12 table may be implemented in April of 2016 but I wouldn't count my eggs that far out, this being aviation.
We will have to fight tooth and nail, even though this could not be written any clearer if it were engraved into crystal, for each of these snapbacks.
The final table listed above (1/1/17), kicks in on the amendable date of the CBA, 3/17.
As mentioned previously, everyone on property will have three longevity raises (those on property for LOA 67 will have four longevity raises) and four new pay tables in the next three years for a total of seven raises (or eight for the LOA 67 folks). Still underpaid but it begins to catch up a tiny tiny bit right before Section 6.