1721
09-24-2020 | 09:46 AM
#403
Gets Weekends Off
Joined: Nov 2017
Posts: 350
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Continue...
09-24-2020 | 10:02 AM
#404
Gets Weekends Off
Joined: Sep 2015
Posts: 5,529
Likes: 197
From: UNA
huh?
-Pay rates today are 16% behind 01 adjusted for inflation.
-No PS In C2K.
leads me to believe since we were over 16% PS for ‘19 we came out ahead.( only .6% but still) 2020 not so much.
as planetrain said there is a lot more to a contract than pay rates. We have some good work rules to back up our rates now, not sure what rigs and MDG/ADG we had back then. What was reserve like? Was it all LC with only a handful of SC conversions a month? IMO work rules are more important than rates. Southwest is a great example of this.
09-24-2020 | 11:03 AM
#405
Line Holder
Joined: Apr 2014
Posts: 794
Likes: 2
From: Widget Jet
Thanks you beat me to it... when adjusted for inflation they are about equal. Did anyone ever study effin math and the time value of money? I feel like we’re dealing with pre schoolers counting effin blocks. Adjust that number for inflation and you’ll see a different picture.
09-24-2020 | 11:15 AM
#406
Gets Weekends Off
Joined: Sep 2015
Posts: 5,529
Likes: 197
From: UNA
Thanks you beat me to it... when adjusted for inflation they are about equal. Did anyone ever study effin math and the time value of money? I feel like we’re dealing with pre schoolers counting effin blocks. Adjust that number for inflation and you’ll see a different picture.
in 2006 the bankruptcy 12 year 7ER A rate was $155, adjusted for inflation would be $199.84, our current rate is $296.19
in 2004 our 7ER A rate after our pay cut was $181, adjusted for inflation would be 249.05 still $47 less than current rate.
09-24-2020 | 11:35 AM
#407
Line Holder
Joined: Apr 2014
Posts: 794
Likes: 2
From: Widget Jet
We may not be back to our inflation adjusted C2K rates but we are WELL above our inflation adjusted BK rates.
in 2006 the bankruptcy 12 year 7ER A rate was $155, adjusted for inflation would be $199.84, our current rate is $296.19
in 2004 our 7ER A rate after our pay cut was $181, adjusted for inflation would be 249.05 still $47 less than current rate.
in 2006 the bankruptcy 12 year 7ER A rate was $155, adjusted for inflation would be $199.84, our current rate is $296.19
in 2004 our 7ER A rate after our pay cut was $181, adjusted for inflation would be 249.05 still $47 less than current rate.
Go back further manno...
2001 767er rate of $234
adjust for 2.5% api over 19 years=$374
Does anyone need another arithmetic lesson? We are FAR behind that. Yet Delta was making record profits. Buying back billions in stock. And wouldn’t meet us at the table... paint your own picture.
09-24-2020 | 11:44 AM
#408
Gets Weekends Off
Joined: Feb 2008
Posts: 20,869
Likes: 188
However we have far more soft pay than we had back then. In those days my check was pretty much my hourly rate times hours flown. In the last 5 years soft pay has made up a big chunk of my paycheck. Just the one change in the reroute section for international flights put a big Pay raise in my pocket. My W2’s have been far larger than the hourly rate increase. I moved up one category paywise since 2001-2004. My actual pay has been triple from 06 and double from 01 to 03.
09-24-2020 | 11:55 AM
#409
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Joined: Mar 2008
Posts: 4,099
Likes: 86
My guess is “the max”.
The reason why that’s not the case now is we have a
forced excess. When that excess is removed, by one way or another, you can bet it will go up to the max again.
09-24-2020 | 11:56 AM
#410
Gets Weekends Off
Joined: Sep 2015
Posts: 5,529
Likes: 197
From: UNA
Go back further manno...
2001 767er rate of $234
adjust for 2.5% api over 19 years=$374
Does anyone need another arithmetic lesson? We are FAR behind that. Yet Delta was making record profits. Buying back billions in stock. And wouldn’t meet us at the table... paint your own picture.
2001 767er rate of $234
adjust for 2.5% api over 19 years=$374
Does anyone need another arithmetic lesson? We are FAR behind that. Yet Delta was making record profits. Buying back billions in stock. And wouldn’t meet us at the table... paint your own picture.
the way I read Fredturbo’s comment was our current rates were about the same as inflation adjusted BK rates, which is not true.
no lesson needed
BTW using the CPI, 234 in 2001 would be 343 in 2020.
