Originally Posted by
slowplay
This is from UBS:
The ugly: big labor ask coming
SWAPA (pilots union) leadership sees its members as ~12% underpaid relative to current DAL/AAL contracts, and ~20% underpaid relative to tentative agreement (TA) with DAL pilots that (if ratified) would raise base wage rates but scale back profit sharing. SWAPA leadership sees a 15% base wage increase with modestly higher profit-sharing as minimum to get a deal done, and believes management's expectation for an overall cost-neutral labor deal is unrealistic. Remuneration appears to be only
major sticking point with work-rules and growth appearing to be of secondary concern.
During C2012 many on this board were advocating waiting for SeWAPA. They've waited 3 years and are already 12% behind us in total comp. FedEx and UPS, the other two carriers that have been consistently profitable and in negotiations haven't raised the bar either.
Why are they so delayed?
Well I wasn't one of them and I voted for C2012. This current TA is not even close to what we should be getting.
You probably have the figures for a couple of questions: What percentage raise did we get from C1996 to C2001? What was the percentage difference between C2001 and our closest competitor? I don't know the answers and would like to....
Denny