Originally Posted by
DALMD88FO
If you are saying that we negotiate a hypothetical 15, 4, 4 then convert profit sharing for a 18.5, 7.5, 7.5 then I agree with you, however history is not on our side with that math.
Math is not quite on your side with that.... The math I showed equals a 18.58%/4%/4%/4$ over the life of a 4 year deal.
Using your numbers would mean in mathematical terms that the PS plan would go approximately:
2016 18.58% 0-2.5B 0%, above 20%
2017 7.58% 0-3.75B 0%, above 20%
2018 7.58% 0-5.00B 0%, above 20%
2019 7.58% 0-6.25B 0%, above 20%
(I'd be in favor of that BTW)
Originally Posted by
DALMD88FO
You can ask your reps and they will admit that they undersold profit sharing in C2012 and it turned out to be a 1:1. Basically you took it from one pot that you were going to get and put it in another and called it a raise.
You can use the same math formula with the previous contract and all of my reps during C2012 know that it was a very wise choice to make the conversion.
I don't agree with a 4/8/3/3. It is more accurately described as a 2% signing bonus on 2012 with 10.84/3/3 starting on the amendable date.
Originally Posted by
DALMD88FO
Yes I know that that raise is permanent, however do you really consider 3% a year a raise or a cost of living adjustment. Even the FA's got 4% at top of scale.
It will be interesting to see how these negotiations turn out. I'm expecting a lot since being here for the lost decade.
They got 4% after getting nothing for 27 months.... I wouldn't make that comparison. I agree, this round needs to have bigger increases than 2.5 years ago... DAL is in a much better position, and so are our peers.