It's worse than that in some cases. 3rd step FO's take a 34.3% cut
Twelve year captains take a 21.9% cut. The new contract is amendable May 2007. Of course everything is negotiable but with a victory like this, I doubt the company will be interested in negotiating in good faith. I expect we will still be negotiating in 2009. Alaska is going to be a very ugly place to work for the next 4-5 years.