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Chief,
The rumor we’re hearing around AA is 10% immediate pay raise with a 4% increase per year for 4 years plus a $20,000 signing bonus for CA’s and $25,000 signing bonus for FO’s. No change to their retirement benefits.
Here’s how the numbers play out:
12 Year 737 CA FO
Current 154 97
2009 169.40 106.70
2010 176.17 110.97
2011 183.22 115.40
2012 190.17 120.02
2013 198.17 124.82
Current
LUV 198.00 131.00
AA 165.69 112.67
I’ve got to agree with Lorenzo on this one. Overall, looks weak. We’re hearing LUV is currently inking a contract with 3% pay raises (based on profitability), so it basically takes four years for Alaska CA’s just to catch up to LUV's present rate. The FO’s never catch up to LUV.
A 4.0% annual increase is just barely over the current inflation rate. What happens if Barack’s bill causes hyper inflation a few years down the road??
I wonder if their guys will fall for the chump change.
Looks like another big win for management.
AA767AV8TOR
Chief,
I’ve got to agree with Lorenzo on this one. Overall, looks weak. We’re hearing LUV is currently inking a contract with 3% pay raises (based on profitability), so it basically takes four years for Alaska CA’s just to catch up to LUV's present rate. The FO’s never catch up to LUV.
A 4.0% annual increase is just barely over the current inflation rate. What happens if Barack’s bill causes hyper inflation a few years down the road??
I wonder if their guys will fall for the chump change.
Looks like another big win for management.
AA767AV8TOR
Any word on final language?