Originally Posted by
gettinbumped
This is exactly why I'm voting yes. Section 6 will take years whether it's now, or 3 years from now. Years at 15% (or higher depending on DAL) turns into a BIG number very fast and will be likely impossible to surpass in negotiations. It's the time value of money.
James, I DO appreciate your thoughts and know that you and the reps that vote no strongly believe that it's the best thing for the pilot group. My opinion is that a Yes vote is the way to bring maximum value to the pilot group long term. Two differing views with the same goal. But I thank you for your reasonable, calm, rational and understandable discussions on the matter.
Two points.
First, this is
the most profitable time in the history of the airlines. What will the landscape look like in 3-5 years when we're trying to negotiate a full contract? In 3-5 years we will be negotiating in an uncertain environment. In 3-5 years we will be at least 2.5 years behind a mature Delta contract. I realize your position of time value of money but this extension isn't free. It represents an opportunity cost extending a less than optimal
total compensation package into a period of uncertain airline economics for 13-0-2%.
Second, many put a lot of faith in the snap up, averaged, up until Jan 1 2018 Delta me too clause. Delta is negotiating a full contract. Their compensation is going to increase thru many vehicles within their contract. I would be surprised if their pay/profit sharing is greater than our TA extension value. NMB will point to ours as industry standard. I expect Delta to hit it out of the park with the balance of their contract thereby nullifying our me too clause.