Originally Posted by
transition_alt
Worth noting with the above that Rex are claiming the “back pay” they are offering will close the missing pay gap.
That's complete and utter nonsense. Back-of-the-napkin, a 5yr FO would have foregone between $6,000 - $11,000 in lost salary because of the
de facto pay freeze, depending on what you apply as the missing annual escalator (the lower figure assumes CPI, the higher is 2.5 percent per annum). $5,000 at some future date, contingent on profitability (which means no time soon), most assuredly does not close that gap.
Any idea how many pilots (Captains and FOs) Rex has? It would be interesting to see how much money Rex has saved in wages because of the stalled EBA. It would have to run to a few million.