Originally Posted by ColdWhiskey

Carl,

I have a couple of quick questions. From your profile (747 Captain) and other posts (Delta related) I have assumed that you are previous Northwest. Is that correct or not?

Did not the Northwest pilots and mechanics negotiate a pay and benefits package reduction in exchange for NWA stock in 1993/94 as part of a NWA restructuring to prevent bankruptcy at that time?

"1993 JULY: The Air Line Pilots Association's Master Executive Council averts a NWA Chapter 11 bankruptcy filing by voting 24-1 on behalf of its members to accept concessions totaling $365 million the first year. The other unions, lenders, and vendors must agree to the restructuring by August 1. Concessions over three years total $886 million. In exchange for their concessions, employees get three seats on the board of directors and up to 37.5 percent ownership of the company."

As a wide body captain, I presume you were employed at NWA during that timeframe. Is this a correct statement?

Originally Posted by Carl Spackler

Yes, the pilot's union voted for it. After years of uninterrupted increases in pay and benefits, the union agreed to concessions along with an equal amount of ownership and control of the airline. It was a direct investment that paid off very well when the stock over doubled in one year. It was also done during a weak revenue environment for the industry.

As I predicted in an earlier post, some Frontier guys will try to justify what you've done by portraying as hypocrites anyone who has ever given salary back for any reason regardless of the revenue environment. In your world NWA in 1993 is the exact same thing as you today. As predicted.

Carl

Originally Posted by ColdWhiskey

Carl,

You have been logged onto APC for some time now and have not answered my questions. Are you previous NWA? Were you only concerned about YOURSELF in 1993? Why did not you fall on your daggar in 1993 for the betterment of the profession?

You do know don't you, that many will not forget?

Originally Posted by ColdWhiskey

You have proven YOURSELF to be the BIGGEST hypocrite!!

Pot, meet kettle.

Originally Posted by Carl Spackler

Yes, the pilot's union voted for it. After years of uninterrupted increases in pay and benefits, the union agreed to concessions along with an equal amount of ownership and control of the airline. It was a direct investment that paid off very well when the stock over doubled in one year.

Originally Posted by ColdWhiskey

Soooo, in 1993, YOU gave concessions in exchange for an equity stake in NWA, and that gamble paid off very well for you.

Then, why are you so critical of the Frontier pilots that are taking the same gamble, as opposed to certain liquidation??

Originally Posted by Carl Spackler

For the last 15 years at Frontier, what have been your salary gains?

Carl

Originally Posted by ColdWhiskey

Approximately 300%

Originally Posted by ColdWhiskey

Typical Captain salary when Frontier began was about $50,000/yr I believe. Top pay is now well over $150,000/yr.

Originally Posted by Carl Spackler

For 15 years prior to 1993, NWA pilots gained in salary and QOL consistently until just prior to the 1993 investment.

For the last 15 years at Frontier, what have been your salary gains?

Carl