Originally Posted by Timbo

There were no 'pay raises', that's how.

If you look back at C2012, where we cut profit sharing to self fund some of those raises, and see that these last two years we only got 3% raises (barely covering inflation) and then look at this T/A, where we get an 8% bump right away, but then cut our PS again so the 6% is actually zero% as it's simply converting PS to pay, then tack on the next two 3% raises, again, barely covering inflation, you can see that in the span of the past two and next 3 years (5 years total) we have actually only achieved one 8% raise, the other 4 years were all 3% Cost of Living adjustments... to Bankruptcy pay rates!

In 2018 we will finally achieve our 2004 pay rates, minus 14 years of INFLATION! To put that in perspective, the 777 paid $319/hr. Plus International Override, plus Nigh Pay = about $330/hr. in 2004. Inflation adjusted to 2015 (not 2018) it should be $410/hr.

Oh, and we had a very GOOD retirement plan in 2004, unlike today.

Now add in three more years of inflation to get to 2018.

Now look at the company's earnings. Where did all those Billions come from?? FROM US! They came from NOT funding our DB plan, they come from NOT restoring our 2004 pay rates! They came from reducing the staffing required with PBS and no cap and pilots flying 87-92 hours instead of 75, and from pilots selling back 100% of their vacations!

That's YOUR money Richard is using for Stock Buybacks and Dividends, to himself!

We are morons if we vote yes for this.