Search

Notices

Agreement In Principle

Thread Tools
 
Search this Thread
 
Old 05-13-2022 | 09:58 AM
  #41  
Guppy reserve EWR
 
Joined: Feb 2013
Posts: 501
Likes: 0
From: 737 FO
Default

So how much has inflation gone up since we got our last contract?

And how much is inflation projected to go up before we get another contract?

That percentage is something I’d like to know. I’m hopeful, but I don’t think our increase will be close.
Reply
Old 05-13-2022 | 10:07 AM
  #42  
Gets Weekends Off
 
Joined: Mar 2006
Posts: 1,112
Likes: 0
From: SFO Guppy CA
Default

I'm not even concerned about pay rates unless we get improvements in scope, section 20 (scheduling), R&I, etc. Pay (section 3) is one of the last things that I look at. It'll be what it's going to be and I will vote appropriately.
Reply
Old 05-13-2022 | 10:32 AM
  #43  
Gets Weekends Off
 
Joined: Mar 2006
Posts: 5,213
Likes: 14
From: guppy CA
Default

Originally Posted by AllYourBaseAreB
I think ticket prices are way up compared to 2019 not 20/21
The 34% number is year over year. I haven't looked at 2019 to 2020 or 2020 to 2021.
Edit: found some numbers on the BLS website:
2020: -18.4%
2021 +1.4%
Those are airline ticket prices

Originally Posted by PA Slammer
So how much has inflation gone up since we got our last contract?

And how much is inflation projected to go up before we get another contract?

That percentage is something I’d like to know. I’m hopeful, but I don’t think our increase will be close.
Good questions.
CPI (I'm not using core CPI because no need to exclude food and energy over a longer period of time) from BLS statistics:
2019 2.3%
2020 1.4%
2021 7.0%
2022J .6%
F .8%
M 1.2%
A .3%
2019 through April 2022 Total: 13.6%

Projected CPI: well, the administration had told us that inflation was 'transitory' until recently. I don't think they've put out any updated forecasts.
I found a forecast from March 2022, but you'll laugh:
2022: 4.3% (we're already at 3.1% for the first four months of the year)
2023 2.7%
Like all government forecasts, these numbers are almost certainly WAY too optimistic.

CPI and airline ticket prices came from the bls website: https://www.bls.gov/
Feel free to check my work; no guarantees that there aren't any errors.
Reply
Old 05-13-2022 | 10:34 AM
  #44  
Gets Weekends Off
 
Joined: Mar 2006
Posts: 5,213
Likes: 14
From: guppy CA
Default

Originally Posted by DashTrash
I'm not even concerned about pay rates unless we get improvements in scope, section 20 (scheduling), R&I, etc. Pay (section 3) is one of the last things that I look at. It'll be what it's going to be and I will vote appropriately.
Be prepared to be disappointed. Every new contract since I've been hired, the standard line has been something along the lines of: 'this is a money contract. We'll take care of the other sections on the next contract.' Get used to hearing that on every contract until you retire.
Reply
Old 05-13-2022 | 10:39 AM
  #45  
Line Holder
 
Joined: Jun 2018
Posts: 49
Likes: 0
Default

Originally Posted by Andy
The 34% number is year over year. I haven't looked at 2019 to 2020 or 2020 to 2021.
Edit: found some numbers on the BLS website:
2020: -18.4%
2021 +1.4%
Those are airline ticket prices



Good questions.
CPI (I'm not using core CPI because no need to exclude food and energy over a longer period of time) from BLS statistics:
2019 2.3%
2020 1.4%
2021 7.0%
2022J .6%
F .8%
M 1.2%
A .3%
2019 through April 2022 Total: 13.6%

Projected CPI: well, the administration had told us that inflation was 'transitory' until recently. I don't think they've put out any updated forecasts.
I found a forecast from March 2022, but you'll laugh:
2022: 4.3% (we're already at 3.1% for the first four months of the year)
2023 2.7%
Like all government forecasts, these numbers are almost certainly WAY too optimistic.

CPI and airline ticket prices came from the bls website: https://www.bls.gov/
Feel free to check my work; no guarantees that there aren't any errors.
I love a good answer. Thank you for doing the research
Reply
Old 05-13-2022 | 10:43 AM
  #46  
Gets Weekends Off
 
Joined: Mar 2006
Posts: 5,213
Likes: 14
From: guppy CA
Default

Originally Posted by Sebastiaen
I love a good answer. Thank you for doing the research
You bet.
I read an article the other day complaining about the 34% rise in airfares claiming it was price gouging. From a University economist! Of course he never mentioned that airfares fell 18% in 2020.
Reply
Old 05-13-2022 | 11:06 AM
  #47  
Guppy reserve EWR
 
Joined: Feb 2013
Posts: 501
Likes: 0
From: 737 FO
Default Agreement In Principle

Originally Posted by Andy
The 34% number is year over year. I haven't looked at 2019 to 2020 or 2020 to 2021.
Edit: found some numbers on the BLS website:
2020: -18.4%
2021 +1.4%
Those are airline ticket prices



Good questions.
CPI (I'm not using core CPI because no need to exclude food and energy over a longer period of time) from BLS statistics:
2019 2.3%
2020 1.4%
2021 7.0%
2022J .6%
F .8%
M 1.2%
A .3%
2019 through April 2022 Total: 13.6%

Projected CPI: well, the administration had told us that inflation was 'transitory' until recently. I don't think they've put out any updated forecasts.
I found a forecast from March 2022, but you'll laugh:
2022: 4.3% (we're already at 3.1% for the first four months of the year)
2023 2.7%
Like all government forecasts, these numbers are almost certainly WAY too optimistic.

CPI and airline ticket prices came from the bls website: https://www.bls.gov/
Feel free to check my work; no guarantees that there aren't any errors.

So if we get 20% increase in pay… we break even?

Almost.
Reply
Old 05-13-2022 | 11:17 AM
  #48  
SeamusTheHound's Avatar
Line Holder
 
Joined: Mar 2008
Posts: 384
Likes: 3
From: 757/767 First Officer
Default

Originally Posted by DashTrash
I'm not even concerned about pay rates unless we get improvements in scope, section 20 (scheduling), R&I, etc. Pay (section 3) is one of the last things that I look at. It'll be what it's going to be and I will vote appropriately.
^^^^^ THIS ^^^^^^
Reply
Old 05-13-2022 | 12:07 PM
  #49  
Gets Weekends Off
 
Joined: Mar 2015
Posts: 963
Likes: 0
Default

Originally Posted by Andy
The 34% number is year over year. I haven't looked at 2019 to 2020 or 2020 to 2021.
Edit: found some numbers on the BLS website:
2020: -18.4%
2021 +1.4%
Those are airline ticket prices



Good questions.
CPI (I'm not using core CPI because no need to exclude food and energy over a longer period of time) from BLS statistics:
2019 2.3%
2020 1.4%
2021 7.0%
2022J .6%
F .8%
M 1.2%
A .3%
2019 through April 2022 Total: 13.6%

Projected CPI: well, the administration had told us that inflation was 'transitory' until recently. I don't think they've put out any updated forecasts.
I found a forecast from March 2022, but you'll laugh:
2022: 4.3% (we're already at 3.1% for the first four months of the year)
2023 2.7%
Like all government forecasts, these numbers are almost certainly WAY too optimistic.

CPI and airline ticket prices came from the bls website: https://www.bls.gov/
Feel free to check my work; no guarantees that there aren't any errors.
How does that work? Did you just add the percentages? I compute 14.25% total.
Reply
Old 05-13-2022 | 12:25 PM
  #50  
Gets Weekends Off
 
Joined: Mar 2006
Posts: 1,112
Likes: 0
From: SFO Guppy CA
Default

Originally Posted by Andy
Be prepared to be disappointed. Every new contract since I've been hired, the standard line has been something along the lines of: 'this is a money contract. We'll take care of the other sections on the next contract.' Get used to hearing that on every contract until you retire.
If that’s the case, then I’ll be voting NO.
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
rickair7777
SkyWest
453
04-20-2020 02:36 PM
shoelu
Major
5
09-03-2015 12:16 PM
ERJ135
American
26
02-26-2013 05:54 PM
Quagmire
Major
253
04-16-2011 06:19 AM
JungleBus
Major
121
12-20-2008 04:13 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices