Nice work, PG! That is very interesting indeed. I stand (well, actually, sit) corrected on this one!

One interesting takeaway from the graph. Our C2K rates were not some extravagant aberration. They simply got us back in line with the level of compensation airline pilots enjoyed prior to deregulation. If you subscribe to the theory that a lot of the problems the airlines have had during deregulation is due to poor management (which I do), then you could also conclude that, as management improves in the industry and the airlines are more consistently profitable (like they were pre-deregulation), maybe we should be compensated more in line with that era? Just a thought... but I'd like whomever is representing me to be advocating an objective like that rather than accepting that we should continue our downward trend or only slowly reverse it. Don't forget that losses (whether you're talking investments or pilot pay) are subject to "reverse compounding" and it takes much more significant gains to overcome them. We have a very long way to go to get anything like restoration. And many of us (probably most of us) don't have THAT much time.