Contract Update
There seems to be some confusion about the wage scale which says, "TBD", presumably as a result of the first wage scale which showed 2.1% increase for 2015 being changed to TBD. The reality is that the second publication of the scale which said"TBD" is more accurate since wages can't be fully known with the pay parity. But, that is a good thing as most if not all of us would get a helluva lot more than 2.1% next year after the calculations. Although pay parity isn't fully known, it is mostly known. With a 3% increase at DL, top out for us would go to over $24 since all other blanks are filled in. As I've said from day one, pay parity was a nice grab, as in 'good grab' prior to joint talks.
Separately, we live in a changing world. Who knows what Obamacare will look like in 2018 as it is a political mess that the company wanted to hedge against. Separately, some have told me that they would vote yes just because if they voted NO and sent this back to the table, presumably with extended negotiations, that the economy can shift and this industry could start its downward decent once again. Those are all valid concerns. The latest trend in this industry is downward. Parker adjusted his projections today and adjusted a key revenue indicator downward so that investors should now expect less profits. Delta and foreign carriers did likewise last week. Is the gravy train over for these airlines? Who knows. Iraq is boiling over and so is the middle east as well. So I understand a yes vote, even if such a vote is determined by considering outside factors.
