TK's phrase was basically: "If Delta is $265 an hour we'll offer $235 BUT you need to consider all of the "other items" that go into your compensation like vacation time, per diem, PBP (pay no attention to the fact that we continue to make it harder and harder for us to reach annual profit goals to trigger payouts) and quarterly bonuses and voila, you're at $265 an hour! See, we're at the top of the industry! Also pay no attention to the fact that I'm not considering the "total compensation" paid out by other airlines, we're just going to focus on their hourly rates."

Really...? Pilots might be dumb but we're not stupid.