Originally Posted by
satchip
I tell you what, ACL. I don't want C2K rates. Because those rates will be great for Carl, Dal88, Sailing, and Nu. It will make them rich. Guys like me and FTB, and Johnson will be collecting 99 weeks of unemployment benefits.
Yes, the bankers do own our company. The largest shareholder is reportedly Fidelity, at 13.2%. I think AMEX owns a chunk too. The investors that provided the financing to exit Ch11 want to get paid, too. We made around 2 billion profit this year, did we not? As previously stated C2K would raise pilot pay costs by 2 billion. Where do you think they are going to recoup that money? They are not just going to say, "oh well, it's a cost of doing business, and darn it, those guys deserve it!"
I DON'T WANT TO GET PAID THE MOST! I WANT TO GET PAID THE LONGEST!
As mentioned above pilot compensation is just a small fraction of the overall cost of running an airline. I personally do not believe that taking a small bite at a time towards restoration is the right approach. Doing this is like ACL mentioned and allowing inflation to equal the increase. We should be coming in and requesting restoration + inflation!
To put it bluntly SWA makes 22% more per hour than we do! I think that SWA rates + 10% would be the minimum I would accept from management. We also need to increase the 401k to the 18%-20% plus boost work rule language. The minimum guarantee should be 70 hours for a blockholder and 75 for a reserve.
For those worried about having a job I do not believe our salary or lack of salary will cause or stave off a furlough. Any resulting furlough will be do to the business decisions our management!