January 22, 2007 - Leonidas

0122Final1423631 average pay rate would -- and because we used a2 weighted per capita method across the pilots and not3 a W-2 method, each pilot would get a $20.244 adjustment to their pay rate on a per capita basis.5 Q All right. In the box below that, you6 have added that $20.24 to the book rate for each7 position in the US Airways fleet?8 A That is correct.9 Q And then down below you have simply shown10 top of scale rates at a per America West pilots for11 all equipment?12 A Yes.13 Q And looking at the third page have you14 done a similar exercise for 2006 pay rate?15 A Yes. In this particular case this was a16 build-up for stock option allocation for 2005, using17 a similar methodology, build up of the allocation of18 the $70 million lump sum which remains consistent19 from 2004 to 2011, and a build-up of the profit20 sharing because 2006, is the first year in which21 profit sharing will be available, and this $4.44 is22 only for three quarters, so it is understated.23641 Q And there is something different. Then2 you have added that so that the 757 captains, for3 instance, have increased their earnings for 20064 from $144.02 to $153.04?5 A Correct.6 Q And how did that compare to 757 pay for7 America West pilots?Page 28