Originally Posted by
Flying Elvis
Let's be honest with the raise. It's 8,-2.25,4,3 compared with the current contract, which already has a 3% raise scheduled for Jan, but not the 1% DC increase in 2017. Is it a good raise? That's up to the individual, but before you go comparing our pay and PS to AA, ask about the value of pensions vs 401k. I'm personally a fan of the latter vs former, but if you run the numbers, you've got to make a 401k pretty huge to have similar value to most DB plans.
The LCA change, as I've previously illustrated, is a huge concession which will impact the QOL and pay of all but the most senior FOs and Capts. It will never be recovered.
JV is being spun as a good deal. Far from it. I just left an airline that was rapidly converting itself into a ticket selling operation for other airlines. That's one of the reasons I left.
Sick call doesn't bug me much, and the banking function is a good deal for a currently healthy guy like me to save time up for a rainy day.
This needs to go back.
I don't think we get 3% in January with the current contract. Last contract was 4/8.5/3/3 - July 1, 2012; Jan 1, 2013; Jan 1, 2014; Jan. 1, 2015.
The total this time is a 21.5% raise in pay rates for this contract. It has upside protection for less profit. But if profit soars to $10B you could still get, I'm estimating, 28% of your W-2 in a profit sharing check.