Originally Posted by
Maddog64
Delta's contract is worth 23 billion over 4 years to 14000 pilots. Our TA was worth 12.5 billion to 5800 pilots. Do the simple math. Delta's contract is worth 411K per pilot per year. Our TA was worth 539K per pilot per year.
539/411 is 1.31%. The same actuaries at ALPA costed our TA along with Delta and United contracts, and we didn't believe the numbers so we hired an indapendant actuary and they came up with the same number.
We got more money than Delta, a lot more. Our old MEC just spent the money on the deferred compensation of the a plan. The pension benefit obligation is 4 to 1. Every dollar that we get the company has to put 4 away in the PBO. If we get a pension increase worth 100 million it costs the company half a billion.
Just wondering where those numbers came from.
TA Executive Summary had it similar, but different:
"The TA released today for your consideration achieves that goal. We attained an industry leading agreement that is valued at $3.8 billion. The negotiated value of this TA makes it the single largest contract ever bargained at our property and surpasses the total (inflation adjusted) value of all three of our ALPA contracts combined. The duration is 4.5 years with a 150-day opening window. The chart below illustrates this comparison to our previous contracts:
On a per pilot basis, this TA has the highest value achieved among major carriers in the last twenty years. Valued over four years, our TA is approximately worth $609,000 per pilot. Based on public information, the American Airlines AIP is approximately worth $526,000 per pilot and the Delta Agreement is approximately worth $480,000 per pilot."