Got a call from one of the Execs, and although I disagree with the premise, I'm going to try to have a little faith, although the last time I did that with Southwest management it bit me (and every AAI CA) in the a$$.
That said, to answer your question, for it to not to "suck", you'll have to:
1. Address the fact that ALL SWA F/O's at the bottom 1/3 of the seniority list will make $1.5-$2.0 Million LESS than the top 2/3 of the list due to stagnating upgrade times. No longer 5-7 years, more like 15-20.
2. Bring rates that are MORE than COLA IF we're going to give up anything in our CBA to get them. COLA is a 100% given in this economic environment without giving up a d*mn thing. If you don't believe this, you're part of the problem.
3. Make the 2013 and 2014 rates that Retro will be geared off of at LEAST equal to cola. By starting out lower than COLA those years then bumping up in 2015, when Retro is geared off 2013 and 2014, it's not rocket science to realize that they're not giving us full Retro accounting for inflation.
Lastly, for your last question, your math is wrong.
American 12 year 737CA is $228 per Trip. Converted to TFP @ 1.167 is $266.08 per trip, but now apply it to an average line holder.
$228 TFP * 90 hours (avg guarantee) is $20,520
$266.08 / Hr * 78 hours (line holder guarantee at AA) is $20,754.24 per month
So no, it's not better than American, and the F/O rates are even less comparable.
Not to mention they get a LOT more in retirement than we do.
It may be good enough for you at the top of the food chain, but for the rest of us, it's unacceptable.
You're a little premature on the "embrace the suck" part, since nobody's seen the actual contract. We have no idea of the totality; it may suck, it may be great, it may be okay.
Also, for your #1 point above, there's no airline contract in the world that considers upgrade time, let alone "addresses that fact." Also, "15-20 year upgrade" is based on a newhire with absolutely no growth, just retirements. And they've already announced 8% growth in 2016 and 7% in 2017, although as always, we'll see what really happens.
And speaking of "wrong math," I think it may be you with the numbers wrong. You multiply SWA tfp rate by the factor (1.167) to get hourly pay rate, not the other way around. If you wanted to convert someone else's hourly pay to tfp for us, you'd divide by the same factor. You did it backwards.
For an example, if American's new rate is $228/hour, that would equate to a Southwest guy making approx. $195.37/tfp. A 12 year Southwest captain makes $189.78 at our current rates, which equates to approx. $221.47/hour today. And $189.78/trip times the stated average of 95 tfp/month yields $18,029/month for a SWA Captain today.
If an American 12 year 737 Captain really makes $228/hour, you multiply that times his 78 hours guarantee to get $17,784/month. I don't actually know what an American guy makes; I'm just using your numbers above.
Anyway, we'll see what happens. By the way, I hear there's a pill for that "premature" problem of yours. :blush:
Bubba