Originally Posted by
Splash
You gave me a lot of percentages, and the basis for them.
Can you give me what those percentages would be had we NOT achieved the gains we did under Lee Moak's leadership?
Are they more, or less?
A successful merger, and gains for us. From your posts I gather you don't think much of Lee. The percentages necessary to achieve your goals, and our performance measured against our peers suggest you're not judging his strategy fairly.
Perhaps I didn't write it clearly enough. I was giving Lee Moak
full credit for the increases we experienced during his tenure. For example... our 2004 (C2K) MD-88 12-year Captain rate was $237.37. If you adjust that rate for inflation (2004 to 2012), you get a rate of $284.26. Our January 1, 2012 MD-88 12-year Captain rate (current contract) is $167.68. It would take an approximate 70% increase to bring the January 1, 2012 rate to the inflation adjusted value of the C2K rate. Obviously, had we not experienced any increases since the massive pay cuts, it would take much greater than a 70% increase to achieve full restoration.