Market Rate Adjustment
from The Alaska Pilots Podcast Hosted by Alaska MEC
The Market Rate Adjustment (Section 3.A.4) to Alaska Airlines pilots’ salaries is effective September 1. In this episode, Strategic Communications Chairman David Campbell discusses this time frame and the current market conditions that should affect the compensation of Alaska Airline Pilots. He is joined by MEC Chairman Will McQuillen and Membership Committee Chairman Brad Beachler. Other topics briefly discussed are how to handle a trade request denial, the Pilot Mentorship Program, and volunteerism. Most pilot contracts have traditionally included provisions for an annual raise. The current Alaska Airlines pilot contract includes, for the first time, additional language requiring a comparison between the contractually guaranteed pay increase and the current market-rate pilot salaries. This potential difference may cause the annual pay rate increase to be adjusted upwards. Alaska Airlines Pilots may read MEC Chairman Capt. Will McQuillen’s latest Update and his letter to CEO Ben Minicucci and CFO Shane Tackett here.
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