Now, most here would know my thoughts on the standard of REX wages and Regional Airline incomes in general. As well as an offer of 3% though, the company have put out for consideration a 5% (I'm assuming P/A) offer, but with no profit share. The profits of REX were down this year, and I think it's safe to say it will become a continueing trend. Not so much because of any economic downturn, but as the lower end of the seniority list now contains pilots (and Cadets if they ever surface) that cannot be upgraded to command, every Captain that resigns will put further pressure on the company to reduce the schedule. Smaller schedule, smaller profits, smaller profit share.
What's the CPI at the moment? A little over 5% I think!
What a joke!