After 3 years with little progress and inflation catching up from behind, we might need to think about an alternate approach. Get a 25% raise or whatever we can get out of the company immediately. For each $100 million dollars of profit at year end, our rates would snap up $5/hr, but would not exceed average legacy narrow body rates.
The numbers would need to be tweaked, but general idea is everyone needs to work together for the company to be profitable. If Frontier doesn’t start making money soon, all this effort and churn on negotiating might not pay off in the end. Although it has many risks, the rewards with contracts based on expected returns can be very rewarding.
Another area we could push is per diem. The company avoids 8% social security/medicare and 401K match. As employees, we avoid the same 8% and also income taxes, so money comes straight to your paycheck. I think $3.50/hr would meet IRS requirements since we go into some expensive cities, and maintenance mechanics are getting close to this amount in training already. I think this would be an easy win-win for both parties. At least you get $100 of beer money on a thirty hour layover.