So if the WJ pilots are asking for industry standard, how do other airlines exist?YYZSaabGuy wrote: ↑Sat May 12, 2018 7:18 am Quote as posted on wjpilotfacts.com: "Over a five-year term, the increase in costs to the Company of the MEC’s current proposal represents approximately 85 per cent of WestJet’s total net earnings over the last five years. It would largely wipe all profits going forward and make WestJet unable to continue operations."
Putting some numbers to this:
Net earnings F2013-17 inclusive (per WestJet 2017 annual report): $1,499,245,000
85% thereof: $1,274,358,250
Annual equivalent over a forward five-year term: $254,871,650
# WestJet pilots (per ALPA): 1,526
Annual forward cost impact per WestJet pilot: $167,019
So from an outsider's perspective: how realistic is it that the MEC's current proposal could have an incremental cost impact (hourly rate increase, scheduling adjustments, duty hour changes, work rules, etc.), of $167,019 per current WestJet pilot for each year over the next five years? If the figure reflects "all WestJet flying to be done by WestJet pilots", and assumes all Encore and Swoop pilots are compensated per Mainline, the number of pilots goes to - what, 1700? - and the per pilot impact goes to $150,000 per annum. How far off the mark? (Note: edited to correct the annual forward cost impact/pilot to $167,019).
85% is a fake number from Cam Kenyon. Nickname Camshaft. Ask any pilot at Frontier Airlines. He’s a trained manipulating lawyer, working for purely the companies gain