Chip, There is no doubt that the pilot group took a huge hit, [along with every other group on the property]....... Please refresh my memory, I believe the pilot group owns 20% of UAIR due to the amount of stock that was negotiated during bankrupcy...Would this be considered a fact ??Chip Munn said:AAviator:
AAviator asked: How much lower do you think the MEC will agree to lower the bar for total pilot compensation at a mainline carrier in support of a failed business plan?
Chip answers: None. The pilot group represented 10% of the employees, 30% of the labor expense, and provided greater than 60% of the concessions. The pilots were the only employees to meet 100% of their target concessions, the only employee group to lose their DB retirement plan (resulting in a 50% to 70% reduction in retirement benefits), and will see about a 9% reduction in pilot positions due to "Pref Bid".
Regards,
Chip