Spinner,
If you're an ALPA member then you would have got an email from the the ALPA Industrial Director spelling out what Air NZ and Eagle negotiated.
Air NZ 5.2% followed by 4.5%
Eagle's actual % weren't mentioned as again I believe the increases were varible based on rank and service, but the guaranteed AirNZ interview clause was a goodie, nice work
If it was on avaerage 4%/year for 2 or 3 years I would think you could be happy with that, given the current climate.
S2K