Originally Posted by
ERflyer
I do remember numerous posts on the BBQ forum on this topic.
Ohhhh, the BBQ forum. The perfect place to discuss C2012 ramifications.
Hopefully that forum isn't so big that you could find some of those posts you now cite?
Originally Posted by
ERflyer
I stated then our PS would increase dramatically when profits went far above $2.5B. It seemed impossible then to many but now that it's fact it doesn't seem so impossible does it? Sorry if you didn't read them on there.
Sorry I missed it too. Maybe you could give us a BBQ forum history lesson.
Originally Posted by
ERflyer
"Self-funding" is converted PS to a raise immune to the marketplace. At 2% cash off the bottom of PS for an additional 2% raise it's a wash. BFD.
And part of the reason management refers to our contract as cost neutral.
Originally Posted by
ERflyer
The actual net raise was 17.7%. Remember the 2% profit sharing swap was a wash? But then there is 1% more in DC. More vacation pay. More sick leave. More of manky other areas too numerous to list. Side letters increasing a day of pay ultimately to 5+15. These all have value and their benefits are real.
So you arrive at your claim of 30% return by lumping pay rates, retirement and work rules. Got it. What you're missing is the costing sheets where we delineate the cost savings of our concessions. Therein lies the truth behind our cost neutral contract.
Originally Posted by
ERflyer
And of course the coups de grace - increased profit sharing which is worth an additional 10% of pay than it was before. Thus, a net gain of 30%+ more from where we were. Why selectively not count profit sharing? It's an increase in your W-2. American pilots sure look at our PS and count it. And wish they had it.
As has been thoroughly discussed, profit sharing cannot be costed out in the future, so there was no way for anyone to predict whether it would be a coup de gras, or a coup de crap.
Originally Posted by
ERflyer
It's not BS. It's a fact that many such as yourself tend to selectively ignore. Stop being so negative and try being a bit more balanced. Your credibility might increase.
Your facts are selective and incomplete. In other words, agenda driven spin. Why do you do that?
Carl