cactusboy53
Veteran
- May 9, 2007
- 2,649
- 7,407
Your passenger service HP agents had the worst pay and work rules in the industry
Well, I'm not exactly what that has to do with the price of tea in China......here's some simple math for you:
As you know, ALPA was very close to finishing up a contract when the Nic came out in May 2007. It is very likely that we would have had a contract to ratify by Summer of 2007 (that is IF the AAA NC hadn't walked out on joint negotiations). The proposed ALPA rate for a A330 Captain was $210/hour. LOA93 rate is $160,
Using a contract ratification date of 9/1/2007, you can take the difference ($50/hour) and used 80 hours a month to calculate the amount of money given up by a A330 Captain scheduled to retire in 2017. You then add the 10% 401(k) match. Then you calculate the future value of money (how much the money would be worth in 2017) assuming a conservative 6% rate of return. The total amount of additional career earnings given up by this pilot, if the East remained on LOA93 until 2017, was $778,000.
Also keep in mind the extra vacation time, improved sick time, 100% for deadhead & mechanicals, improvements of LTD & STD, and other quality of life contract improvements.
WOW. Oh wait. Nevermind, there are not any A330 Captains that post here (let alone read here). Disregard.