Originally Posted by
sailingfun
Netjets does not work under the RLA. Huge difference!
SWA's pay is a direct piggyback off legacy contracts. They were saved from the cuts that the rest of us took by 5 billion dollars in fuel hedges and a strong balance sheet. Over the course of my career I have made far more than my counterparts at SW and worked far fewer days with a much higher quality of life. The chapter 11 contracts are all going to be up for renegotiation in the next few years. There will be a restoration of the balance and I would bet money over the next 20 years the overall compensation will be better than SW at the legacy carriers.
One think I notice that is never mentioned here is the extra money Delta pilots were paid from the claim and merger stock. Add that into the hourly rates and Delta does not look so bad. I did not include note money because it was compensation for retirement.