Dear 3.14159265359 (Pi....get it?
):
We’re going to do some SIMPLE math today, and return to new words tomorrow. Get your scratch pad out and follow along, please.
First of all, there was at first a “comprehensive proposal” in May of 2008 with the Joint Contract Bargaining Agreement quite nearly done. This proposal included wages.
This proposal was NOT the company’s final offer (known as the “Kirby Proposal”).
So, first of all the US Air pilots (using NB Captain pay) was making $125 an hour, while the AWA NB Captain was making $142 an hour. A US Air NB Captain working 85 hours a month would earn only
$10,625.00 a month, and
$127,500.00 a year.
The Kirby proposal offered
3% above the AWA $142 an hour for NB (at a minimum), BUT in court testimony a company official stated that they were prepared to
go as high as 10% above that figure for the beginning point in 2008.
Based on court testimony, it is estimated that the wage of a US Airways NB Captain could have been as high as $162.36 an hour (starting out at $156.04 in Jan. 2008 – that’s a
24.8% INCREASE in wage!). That means that same US Airways NB Captain (using an 85 hour work month as a benchmark) would earn
$807,044.00 over the course of 5 years (Jan. 2008 through Dec. 2012) vs.
$637,500.00.
That is a LOSS of nearly
$170,000.00 in five years! Not to mention the gain of FULL PAY CANCELLATION and FULL PAY DEADHEAD. Not to mention scheduling improvements. Not to mention better vacation accrual / time.
So
……$807,044.00 will ALWAYS be MORE than $637,500.00. Further, you will
NEVER recover those funds that were frittered away by USAPA and its
ridiculous claims to get a “
industry leading contract” with the “
gold standard” of “
date-of-hire”.
That concludes today's SIMPLE math lesson for today. Join us tomorrow when we return to learning new words & terms!
CB53