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The real winner here is the retirement package. Under the old system, my 401k was getting 6% (3% mine, 3% match). Now its going to get 15% (5% from me, and 10% from the company). A 9% increase in retirement is absolutely the right thing for the pilot group.
The rest of the package is palatable until JetBlue really starts to recover and make money. Then we can do this again and focus more on hourly rates and not so much on the retirement.
Looks pretty sweet. Congrats guys, I am jealous. It's good to see major pay where it should be. I'm excited to get there.
Looks pretty sweet. Congrats guys, I am jealous. It's good to see major pay where it should be. I'm excited to get there.
Oh nice. I just saw you work for Go Jet. Please don't come here. We don't need scab-wannabes. Ick...
Are you serious? United has a 16% B-Fund: Continental, 12.5%: AirTran 10.5%. We absolutely still need to look at retirement. This pay raise was a slap in the face. They can't fill the classes we have now, people are bailing in record numbers, and they just dropped first-year pay in the Bus!?!?!?! Unbelievable...
Let's be honest. The raises only affect those that are either quitting or are going to bid equipment that will cost the company.
Very carefully calculated, I admit.
Plus. Kinda reminds me of the the old, B scale strategy.
Huh? Won't affect YOU! That's for NEW hires!
Oh nice. I just saw you work for Go Jet. Please don't come here. We don't need scab-wannabes. Ick...
Bob,
As our company grows, I hope our package will also. I'l rather be at a solid company making a little less, then making industry leading wages, just to be furloughed after years of stupid management. Been there, done that, got the t-shirt.
DW