WorldTraveler
Corn Field
- Dec 5, 2003
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http://blogs.barrons.com/stockstowatchtoday/2015/06/12/why-deltas-pilot-deal-could-be-bad-news-for-southwest/?mod=yahoobarrons&ru=yahoo
SWAPA (pilots union) leadership sees its members as ~12% underpaid relative to current Delta/American Airlines (AAL) contracts, and ~20% underpaid relative to tentative agreement (TA) with Delta pilots that (if ratified) would raise base wage rates but scale back profit-sharing. SWAPA leadership sees a 15% base wage increase with modestly higher profit-sharing as minimum to get a deal done, and believes managements expectation for an overall cost-neutral labor deal is unrealistic. Remuneration appears to be only major sticking point with work-rules and growth appearing to be of secondary concern.
SWAPA (pilots union) leadership sees its members as ~12% underpaid relative to current Delta/American Airlines (AAL) contracts, and ~20% underpaid relative to tentative agreement (TA) with Delta pilots that (if ratified) would raise base wage rates but scale back profit-sharing. SWAPA leadership sees a 15% base wage increase with modestly higher profit-sharing as minimum to get a deal done, and believes managements expectation for an overall cost-neutral labor deal is unrealistic. Remuneration appears to be only major sticking point with work-rules and growth appearing to be of secondary concern.