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Old 11-17-2010 | 05:55 AM
  #2616  
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DAL 88 Driver
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From: Retired (mandatory age 65)
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Originally Posted by NWA320pilot
No way would I vote yes without substantial raises. We should see rates that are a few percentage points higher than SWA rates for comparable equipment. We should also see better work rules, a vacation and training day worth what a minimum day is, and a big bump in our 401K. We as Delta pilots should not allow anything less!
Sounds like it's time to post this again:

Perspective on Pay

Here’s a little perspective on our pay rates using October 1, 1986 and January 1, 2000 (1996 concessionary contract – preC2K) rates:

Let’s take a look at some examples of these past rates, and see what it would take in 2012 for true restoration of the buying power they provided:

(First we’ll look at some MD-88 Captain 12 year rates as a basis for comparison, and then we’ll look at some 767-300 Captain 12 year rates for the same comparisons.)

October 1, 1986 MD-88 Captain (12 yr) Rate: $135.53

January 1, 2000 MD-88 Captain (12 yr) Rate (pre-C2K): $175.00

January 1, 2012 MD-88 Captain (12 yr) Rate: $167.68

Adjusted for inflation to 2012 – (source: Tom’s Inflation Calculator)
The 1986 rate of $135.53 would be $280.13 in 2012.
The 2000 (pre-C2K) rate of $175.00 would be $233.58 in 2012.

To bring the October 1, 1986 rate to its inflation-adjusted value of $280.13 in 2012, would require a 67% increase to the current contract’s 2012 MD-88 Captain (12 yr) rate of $167.68.

To bring the January 1, 2000 (pre-C2K) rate to its inflation-adjusted value of $233.58 in 2012, would require a 33.5% increase to the current contract’s 2012 MD-88 Captain (12 yr) rate of $167.68. In other words, our new 2012 contract would need a 33.5% increase to this rate just to bring its buying power to the same level as the 1996 concessionary contract rate!


Now for the 767-300 –

October 1, 1986 767-300 Captain (12 yr) Rate: $158.21

January 1, 2000 767-300 Captain (12 yr) Rate (pre-C2K): $203.25

January 1, 2012 767-300 Captain (12 yr) Rate: $188.96

Adjusted for inflation to 2012 – (source: Tom’s Inflation Calculator)
The 1986 rate of $158.21 would be $327.01 in 2012.
The 2000 rate of $203.25 would be $271.29 in 2012.

To bring the October 1, 1986 rate to its inflation-adjusted value of $327.01 in 2012, would require a 73% increase to the current contract’s 2012 767-300 Captain (12 yr) rate of $188.96.

To bring the January 1, 2000 (pre-C2K) rate to its inflation-adjusted value of $271.29 in 2012, would require a 43.5% increase to the current contract‘s 2012 767-300 Captain (12 yr) rate of $188.96. In other words, our new 2012 contract would need a 43.5% increase to this rate just to bring its buying power to the same level as the 1996 concessionary contract rate!

*** Obviously, C2K buying power restoration would require substantially greater percentage increases than the ones shown above. ***
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