Interesting. If your figures are correct, then it's even better than I thought:

2009 average annual pay = $138,000
2010 average annual pay = $143,520 (4% increase)
2011 average annual pay = $149,260 (4% increase)
2012 average annual pay = $155,230 (4% increase)

2003-2004 average annual pay = $210,000 (C2K peak)

Percentage increase needed for C2K pay restoration from conclusion of current contract = 35%. Nowhere near the 60% figure that has been thrown around here as fact.

2003-2004 annual pay of $210,000 X 12,500 pilots = $2,630,000,000
2012 annual pay of ........$155,230 X 12,500 pilots = $1,940,000,000

Total annual dollars difference for C2K pay restoration = $690,000,000.

In summary, if mesabah's figures are correct:

At the end of this current contract, we will need a 35% bump in pay on day 1 to achieve C2K pay restoration. This will be at a cost to the company of 690 million.

Not too much to ask.

Carl