Originally Posted by milesrus
I love how the Pilots add like a two year old. They state they have taken two cuts 32% and 14%. My math sees they have taken one cut at 14%.
Five years when United tried to buy USAIR they gave their pilots a monster raise to get the deal through. Delta Money Hungary Pilots said we demand a 50% raise and got it. So if you made $200K you now made $300K. Five years later during tough times they gave back 32%. Bingo they are back to $204K now they are $175K with the drop. My point is they got a huge five year gift so take that into account and they should still be swimming in Cash.
I said they were in line from a finance.yahoo.com article that quoted an average pilot pay at Delta as $169K before the 14% cut. If that's not true, then what is the average number?
It isn't 737 pilot pay that matters. It isn't 757 pilot pay that matters. It is overall average -- because that's what determines the bottom line.
Besides which . . . another 10% of pay cut would be dwarfed by the benefits of just dumping the pension plan. That would save enough money for the company to get out of bankruptcy and operate at a profit. It is not Delta setting the precedent for this. It was United and US Air (America West, now).
Get used to it, btw. GM and Ford won't be far behind.