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Express raises.
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<blockquote data-quote="dex 84" data-source="post: 1815915" data-attributes="member: 59952"><p>Having the raises set up like that is actually better for the pilots over the course of the deal. If you look at the raises as a % of their salary today it looks more like this:</p><p></p><p>Initial raise: 10%</p><p>2nd raise: 3.3%</p><p>3rd raise: 3.43%</p><p>4th raise: 3.5%</p><p>5th raise: 3.6%</p><p></p><p>Plus they have the benefit of their immediate bump in pay being the largest one so they make more for a longer period of time over the course of the deal as well as getting the lump sum signing bonus at the beginning before that money is worth less.</p></blockquote><p></p>
[QUOTE="dex 84, post: 1815915, member: 59952"] Having the raises set up like that is actually better for the pilots over the course of the deal. If you look at the raises as a % of their salary today it looks more like this: Initial raise: 10% 2nd raise: 3.3% 3rd raise: 3.43% 4th raise: 3.5% 5th raise: 3.6% Plus they have the benefit of their immediate bump in pay being the largest one so they make more for a longer period of time over the course of the deal as well as getting the lump sum signing bonus at the beginning before that money is worth less. [/QUOTE]
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