Is the new bar set too high??
03-10-2023, 09:10 AM
#22
Gets Weekends Off
Joined APC: Oct 2010
Position: Airbus CA
Posts: 910
Originally Posted by Flyby1206
Pull up any inflation calculator and punch in the 12yr CA rate from any previous contract. Adjusting for inflation we’re not seeing such massive % gains in hourly rates.
03-10-2023, 10:24 AM
#24
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Joined APC: Mar 2016
Posts: 132
Originally Posted by bababouey
2 bank failures this week, this feel like 2008 all over again and all these contracts are about to get torn up?
03-10-2023, 10:54 AM
#26
SDQ Base Chief
Joined APC: Mar 2006
Position: 320 CA
Posts: 5,588
Originally Posted by tailendcharlie
At these new supposedly unsustainable pay rates we are just now finally pulling even with inflation-adjusted 2000 pay rates.
03-10-2023, 10:59 AM
#27
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Joined APC: Jan 2018
Posts: 2,240
Originally Posted by Dorp
Except those two banks had all their excess cash tied up in treasury bonds that are now worth less with the higher interest rates. Other lending institutions are more diversified. As of now this seems to be an isolated case.
03-10-2023, 12:40 PM
#28
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Joined APC: Apr 2022
Posts: 823
Originally Posted by Five Ohh
Its whipsawing. I saw on a FA social media group of FAs losing their minds that "Greedy pilots are gonna bankrupt us!" Its just a way for corporate to pit the work groups against one another.
That’s when I whip out the All ATP brochure. When they see us chillin or dig about our paychecks. It’s America. Take out a huge loan, take a risk, and get rich or die trying.
03-10-2023, 12:41 PM
#29
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Joined APC: Dec 2019
Posts: 1,318
Originally Posted by bababouey
2 bank failures this week, this feel like 2008 all over again and all these contracts are about to get torn up?
Crypto Bank Silvergate Collapsed
Two days earlier, Silvergate, the crypto bank, collapsed. The bank was where most of the big crypto firms went, because traditional banks did not want to do business with them. And that reluctance stemmed from warnings from regulators who consider the crypto industry a risky sector.
03-10-2023, 12:45 PM
#30
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Joined APC: Sep 2015
Position: UNA
Posts: 4,417
Originally Posted by tailendcharlie
At these new supposedly unsustainable pay rates we are just now finally pulling even with inflation-adjusted 2000 pay rates.
our new 12 year WB CA rate is about 14-21% lower than the inflation adjusted rate for the 777 in the contract we had in 2001. 2001 is about 14%, 2004 is about 21%
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