This TA is cost positive for the company. Our PS give back funds the first two raises under this TA; the company's savings equals 14.35% of our pay, which funds the first two raises. 13.B.4. funds the remaining 3% raises since it's something we already have. Immediate scope compliance with international JV...saves millions. LCA pull back saves millions. Sick leave...I don't know. Plans for E190 at rates 84% of similar ASM performing B717...saves how much?

Total savings to company under TA from PS is $350M assuming $6B PTIX. Our share is 40% of that or $140M which equals 5.74%. Well, the whole enchilada is 14.35% of our pay. 8% on July 1st and 6% on Jan 1st, which the pro-TA group will remind you is 14.58% with compounding.

There is a little TVM since the company is paying us upfront and won't realize the profit until 2016, and the company's money is at risk. However, everyone is predicting the profits to continue rolling in, particularly with this TA.

Regardless, great job by management in getting the pilots to fund their raises with PS from the other employee groups as well.