Originally Posted by
Gary et al
Again, like the other rational folks here I withholding my opinion until I see something to have an opinion about.
A $15/hr difference at 80hrs/mo over 7 years = $100,800 (I picked 7 years as a conservative number for a next future contract)
I have no idea what the numbers actually are, but lets just say its $265 top, or $98 over current pay. That same $100,800 would be made in just over 12 months when comparing it to current pay.
This doesn't factor "retro"/"signing bonus" into it lets say its $40,000 more for just that additional year, it would then take 18 months to make that 140,800. So as long as the negotiating time for that extra $15 took less than 18 months then you came out ahead. Of course not factoring in interest.
The point being, there is a time value to money, and there is a dollar value to every work rule. Our NC understands this well, I do not believe that this TA will hit it out of the park. But based on my previous experiences with them, I do feel that they believe it is good enough in terms of how much more we could get relative to how much time would need to be invested. That when factoring in interest of making your money now or only receiving 30/40/50% of it in a bonus check if negotiations were to continue, we would be in a realm of diminishing returns for all the money lost.
A user in the other thread posted that it is JB - 14, that would either put it at 245 or 258 depending on if it factored in JB's red eye override. I have no idea if this number is true, and I wonder where they heard it as not much has leaked with any of this. Due to PBS also being included I will be sad and surprised if the top number is only 245. That is not industry average.
But again I haven't seen anything yet, so I'll just wait to press judgement until I do. Voting no just because you could get more is not rational until we see what we will be offered.
Thanks Gary for this calculation. I believe this is correct. Again if these numbers are inaccurate then we will vote no. If not, then best to vote it in. One more factor is that United’s pilot contract is coming due some. If I know unions, then pay will go up drastically. We have to consider this when voting. United may not be able to pay but this is what always causes cycles in the industry. I know that at Frontier on the other hand, we will be able to afford such a contact, and if not, a sale will be at hand.