Originally Posted by
Moondog
So lets assume it is a one for one swap. The remaining portion of the raise barely keeps up with inflation going forward. Not to mention that you are 'funding' your own raise. The company is not coming off anything in the era of 5B+ profits. That's my biggest beef with the pay. If they want to lower PS, OK, but come up with some cash for it. Like 10/8/6/6 maybe. At least that is a real raise with inflation factored in.
You stated the raises barely keep up with inflation. Many bring up the inflation argument and it's a compelling argument in regards to buying power. But what is always not mentioned is how inflation also affects our current rates. Whatever raise we get holds that same percentage vs our current contract, so it's irrelevant to call C2015 a 6/-2/1/1 raise because the C2015 has a raise of -2/-2/-2.
Secondly the reduction of profit sharing self funds 6%. So a 21% raise over 3 years is truly a 15% raise. Not a home run but that's a decent chunk of change. And we'll be back to the table in 2018, 2 years before AA's CURRENT deal expires