Current Book Cost = 145 million (wages and fringe)
TA1 (wages and fringe)
– Annual average 5 year cost* $17.3 m over current book
– 2.5 months retro approx $1.6 m (one time realization)
Co Savings of TA1 failure approx. $18m
TA2 (wages and fringe)
– Annual average 5 year cost* $12.7m in addition to cost of TA1
– $2,000 signing bonus $ 8m (one time realization)
*total cost of 5 year deal divided by 5
The above amounts are confirmed by Dan Akins our airline economist
- TA2 was a 73% increased cost over TA1 costs (not counting signing bonus – another $8m)
- TA2 represents a $30 million (annual average 5 year cost) over current book costs.
- The rates in TA2 are higher than the 2015 rates for the AA/US Airways TA and Delta increased rates at every pay-step. They continue to be higher in every pay step in the out years for the 5 year deal.
- Per diem increases to $2.50, the highest domestic per diem in the industry and beats most international per diem rates.
Regarding the signing bonus should TA 2 be ratified on 12/17- will flight attendants on leave (i.e. maternity, medical) qualify to receive the bonus? Or do you have to be on “active” status as of the date of the vote? Thanks in advance.
Christina Frees (Negotiating Committee Member) says
Yes, flight attendants on a leave will receive the signing bonus. This is one of the benefits of having a bonus vs. retro pay.
Jake Jones (SEA LEC Vice President/Negotiating Committee Member) says
All Flights Attendants will receive the signing bonus, active or inactive.