Originally Posted by
Jcabesa
F9 guy here, I’m hoping someone can share some details on how your retro payout agreement was settled.
Was it a simple {(New Rate - Old Rate) x Times Min guarantee}, or was extra/premium trips also included?
Was it paid as a one lump sum or spread out over a period of time?
We are going thru our own negotiations over here and you guys are the most recent recipients of a retro payout I’m aware of.
We got
almost full retro on what we
actually flew during the 4 years that the company and SWApA dragged out "negotiations".
It was paid out in a lump sum.
We didn't get retro for 2012, since SWApA "negotiated" an awesome side letter that netted us a (performance based) 0% raise that year, which we enthusiastically ratified, giving us the privilege of flying the 800 for the same rates AND a year contract extension.
You can't make this stuff up folks.