It may be labelled as the "most expensive" contract in history, but if I were evaluating it, I would want more guaranteed money (i.e. pay rates) rather than profit sharing, retro pay, red flag trips, etc.
If it is truly the most expensive contract in history, the company should have no problem shifting some of that expense from other sections of the contract into the pay rates, right? A dollar's a dollar.
Yes, other things are extremely important...duty limits (which are weak in this TA), rest rules (weak), segment pay (industry std.), rigs(none). These things are worth giving on the pay rates, IMO.
Profit sharing...if there's a profit and if they choose to show it on the books, it will be nice but no guarantees.
Retro pay...nice but not worth sacrificing long term pay, and they owe it to you anyway for stalling the negotiations while you worked for less.
Red flag trips...once in a blue moon you might have a shot at one, no money there.
What I see is pretty mediocre, pay wise...
$5<Comair
$2-3<Mesaba (Avro)
+/- $1 with SkyWest
$.42-1.00 >Chautauqua
$5 or more<Horizon (T-prop rates)
6 yr FO makes what a CMR FO makes just out of probation.
Someone tell me why or what is in this TA that makes it so expensive or valuable. What's in there that other regionals don't have that would be worth $5000+ per year in pay? If there is something worth that much, ask yourselves why the company didn't just put it in the rates.
I'm not saying it's a bad TA. I'm not telling anyone how to vote. I just have a problem with this thing being called "the most expensive" in the industry. If it is, why hide the money, why make it intangible or difficult to measure? Just give it to me in my hourly rate, ty.