General Lee
Well-known member
- Joined
- Aug 24, 2002
- Posts
- 20,442
Here is some elementary information to consider before voting.
The average MBA can graduate and expect to recieve a median compensation package of $94,500 annual. That equates to $48 hourly for a standard work week. $48 an hour. Ok. (5th year compensation is around $124,000)
I try to get 80 hours of pay each month, which hardly ever happens anymore, and that takes me away from my family and home approximately 280 hours. I know that isn't exactly the same but if I'm not home, I'm working.
6th year MD88 compensation, as of this new contract, is approximately $133,000. This includes the 15% into retirement. That equates to $39.50 an hour for my investment of time.
Even if this contract is approved we still are not making what a 24 year old MBA makes. Not to mention the responsibility, missed birthdays, holidays, cookouts, life events, etc. that we endure. These things have value.
At first I was leaning towards voting yes but the more I look at this the more I see how dreadful this industry has become.
We are a commodity - just like fuel. Airlines don't get a break on fuel just because they think it costs too much.
Just something to think about.
Pilotyip is right, go get an MBA and go work for a hedge fund. The problem we face today is none of our peers have made ANY gains in the last 8 years. None. We would like to compare ourselves with FedEx and UPS, but the NMB has said NO to that (in a personal meeting with our MEC a year ago). That doesn't mean we have to accept anything they throw at us, but this TA did have some good points.
First off, it's duration is for 3 years. Our current contract was for 4 years, and we now have a TA 7 months early. Why is that? Nobody knows (except maybe ALPA, who can't say what is going on because of signed agreements). Is that a carrot? Maybe, but unless you know exactly what may or may not happen, you have zero leverage, because the CEO probably has different plans on how the vote comes out. These people aren't stupid.
Second, the pay is good for a 3 year deal. Almost 20%. Normally we would have started negotiating at the amendable date (Dec 31st of this year) and then continued for about 2 years. Instead, we will have an extra 20% in pay by then, and ready to exchange new openers soon after. Other parts of the TA are good too, like better sick leave, training pay, vacation pay, per diem, etc. Not huge gains, but better.
Third, scope. Scope is a huge issue with RJs and 777s flown by other airlines in play. The TA reduced the total number of RJs, which is huge. Some of the 50 seaters may have been leaving anyway, but many also had long lease agreements still entact. It makes economic sense to upgrade some of those planes to planes that can do better at certain markets. Then tie the 717s to any additional 76 seaters, and keep DCI at a ratio of domestic flying that finally favors mainline, that is better. Not every contract has had an increase for DCI, the joint contract with DL/NW is an example, but this one starts to point the DCI dominance in the other direction, which is better. Throw in tighter scope for INTL code shares and Joint Ventures, and tightening of domestic code shares like with Alaska Airlines, it's just a no brainer.
Overall, it's not perfect, but thanks to zero help from our peers and nothing more than a guess to what our management's next move is, this actually looks pretty good. Mostly gains, short contract length, almost 20% in 3 years, and tighter scope overall.
Bye Bye---General Lee