So if I read this correctly an avg. AMT at AA would make roughly $31.50 and hour while the same person at southwest would make just under $37 per?
That SW AMT would get 7 more vacations days including their birthday.
Both have profit sharing plans.
AA has a defined benefit plan, while SW has a defined contribution plan matched by the company with SW stock. During a normal environment the DBP would probably be preferable to the DCP, assuming the company never goes into bankruptcy though having all your retirement in one stock is equally risky, ask an Enron employee.
AA does offer better healthcare benefits, current and retirement.
So lets see $5.50 an hour is roughly about $11k a year with benefits on the AA side being a bit better and a bit safer considering that a SW 401k is all in SW stock which can go to zero, while your pension is guaranteed, at least to some level.
While I'd definately agree that SW has a better deal, without going into the work rules details, I wouldn't say its that incredibly better.
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