I really like this level of logical thought, thanks for taking the time to put it into words. With such a logical starting point, it would be much easier to set emotions to the side, thereby increasing pilot unity doing the negotiation cycle. Any QOL/scheduling/etc change that doesn’t directly equate to dollars, could be expressed as a high / low bracket of value, then each pilot could assess where they would fall within that range.

Then you could take the medians of all those “brackets” and subtract from that baseline % pay increase. This would give everyone a true idea of the “value” and also help the BOD stomach our increase in compensation. I don’t believe a ~40% increase in compensation is going to happen, because optics alone, even if it is warranted. But ~20% direct increase, and then an average of ~20% indirect gains would be much more palatable?