Ooops, Hadn't checked my mailbox for domicile updates. here's the latest......
We have been getting many questions regarding the expiration dates that are clearly stated in LOA 93. The following language exists as Revisions to Hourly Pay Rates in LOA 93:
The rates of pay specified in Section 3 of the Agreement, as modified by the Restructuring Agreement, will be revised as follows:
- Freeze current rates effective 5/01/04 through 12/31/09.
- Reduce rates as frozen by 18%.
- Reduce International pay override, as stated in Section 3(F) and Section 18(C), by 18% for transoceanic trips; eliminate international override for non-transoceanic trips.
- Pay all flying at day rate.
The language in LOA 93 regarding pay rates and pay freezes expires on December 31, 2009. When the pay freeze expires on 12/31/09, we don’t just return back to the 18% reduction, but rather we return to the compensation section of LOA 84. The salient point here is that LOA 84 established pay rates twice each year with the last rate adjustment coming on May 1, 2009. It's that May 2009 rate that would be in effect on Dec. 31, 2009, when the LOA 93 "freeze/18% reduced rates" end. Doing the math on these numbers produces the following estimated pay schedules for January 2010 as per the restructuring agreement:
January 1, 2010 pay rates per Restructuring Agreement: 12th year Captain Rate 12th year F/O rate A330-------$222.26
A330------$152.22
Group 1----$201.35
Group 1---$137.52
Group 2----$174.85
Group 2---$119.42