Contract Duration
5 year, 3 month (April 1st 2017- July 1st 2022).
1 year (July 1st, 2021) early opener.
Fixed increases on 4/1/17 and 10/1/17 and then 2% on 10/1/18, 2% on 10/1/19, 2% on 10/1/20, 3% on 10/1/21 and 3% on 4/1/22.
Retroactive Pay
Retroactive pay from October 1st 2015--with an increase in October 1st 2016, to March 31st 2017, based on industry rates at those dates.
Payed to all pilots for every month they were available, based on what seat and longevity they held during that month.
Paid at 83 hours per month.
Pay is considered wages so it is pensionable and dues-able.
Section 1 - Scope
No change in Feeder scope (still limited to turboprop only, 69 or fewer seats).
Comprehensive code share language that protects world wide and aggregates multiple airlines and cities.
Section 3 – Compensation
I can't post the pay charts yet, but they are out there. Raises on October 1st, 2017 are between 20% and 45%. Raises over the life of the contract are between 36% and 86% depending on fleet and seat. There was also an adjustment to the FO curve for years 2-5 increasing the percentage slightly.
No change to first year pay as of now. Company has the right to move the pay upward as they want. They are, apparently, still getting plenty of applicants, although we'll see for how long.
Section 4 – Trip Rig and MFGC
Trip rig moves from 1:4 to 1:3.5, which is pretty much industry standard. Adds up to 4+ hours to some 5 day trips.
Minimum Flight Grouping Credit, pays 4:10 per calendar day away from domicile. Starts 8/1/19.
Section 9 - Recurrent Training
Pay and credit for recurrent training has been increased from 4:00 hours per day to 4:10 per day.
Section 24 - Active Employee Health
Insurance premiums have increased slight. Capped at 19% (by 2020) with no more than a 3% increase YOY.
Company provided retiree health plan will end for current employees and be replaced with a Health Retirement Account (like an HSA) that the company will put in a chunk of money for every pilot such that it will equal 240K when they retire. For somebody retiring in 2045 that will end up being about 700K based on medical inflation. Funds are protected and in the pilot's name (like a 401k) and can be used for any eligible (per the IRS) medical expenses after age 65. Future new hires will receive an account with $5000 in it.
Miscellaneous
There are other less significant improvements and changes that will be explained at road shows and detailed later, including:
- Temporary Check Airman and Instructor Placement -- to help cover growing and shrinking fleets
- Drug and Alcohol section enhancements -- better protections for pilots
- Red day pay premiums -- 150% pay for trips picked up on "red" days
- Use of electronic communications, and