Well from memory, flight crew work 266 days per year, the balance being 81 days off and 18 days in lieu of statutory holidays.
If you guys have actually given up 8 days off, you have surrendered 10% of your days off for a 5% pay rise.
Looking at it another way, by getting those extra 8 days work out of you, the company has leveraged a 3% increase in productivity out of you, in return for that 5% pay rise.
Of course I may be missing something, being out of the picture now... but you guys appear to have been thoroughly worked over!
Somebody enlighten me!