Profit sharing estimate
12-04-2016, 06:15 PM
#21
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Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,022
I won't make an exact prediction but I will say you will be pleasantly surprised and glad you kept full PS. My guess is 20+% again. With the new PWA.
Only way to know for sure is to see the PS audit numbers. 30% was the high side achievable. (perfect storm) Fuel prices are up and PRASM recovery has been slower than expected. 28% would have been the number without the PWA, and a 6% raise in APR. I'm fine with the outcome but we were not in a dire situation that would have gained us nothing. The pilots have spoken and so be it. On to enforcement.
Make sure they account for your share correctly.
Only way to know for sure is to see the PS audit numbers. 30% was the high side achievable. (perfect storm) Fuel prices are up and PRASM recovery has been slower than expected. 28% would have been the number without the PWA, and a 6% raise in APR. I'm fine with the outcome but we were not in a dire situation that would have gained us nothing. The pilots have spoken and so be it. On to enforcement.
Make sure they account for your share correctly.
Last edited by notEnuf; 12-04-2016 at 06:29 PM.
12-04-2016, 06:22 PM
#22
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Joined APC: Nov 2008
Position: I'm here, i'm there, i'm everywhere...
Posts: 1,508
Originally Posted by notEnuf
I won't make an exact prediction but I will say you will be pleasantly surprised and glad you kept full PS. My guess is 20+% again. With the new PWA.
Only way to know for sure is to see the PS audit numbers.
Only way to know for sure is to see the PS audit numbers.
12-05-2016, 03:20 AM
#23
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,261
Originally Posted by notEnuf
I won't make an exact prediction but I will say you will be pleasantly surprised and glad you kept full PS. My guess is 20+% again. With the new PWA.
Only way to know for sure is to see the PS audit numbers. 30% was the high side achievable. (perfect storm) Fuel prices are up and PRASM recovery has been slower than expected. 28% would have been the number without the PWA, and a 6% raise in APR. I'm fine with the outcome but we were not in a dire situation that would have gained us nothing. The pilots have spoken and so be it. On to enforcement.
Make sure they account for your share correctly.
Only way to know for sure is to see the PS audit numbers. 30% was the high side achievable. (perfect storm) Fuel prices are up and PRASM recovery has been slower than expected. 28% would have been the number without the PWA, and a 6% raise in APR. I'm fine with the outcome but we were not in a dire situation that would have gained us nothing. The pilots have spoken and so be it. On to enforcement.
Make sure they account for your share correctly.
12-05-2016, 07:06 AM
#24
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Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,022
Originally Posted by sailingfun
The profit sharing this year was never going to be 28% and simple math will tell you that. PRASM has not recovered at all they just have reduced how much it's dropping. As far as the 6% it never would have been a 6% raise for the non cons without the TA. 3% would have been far more likely.
12-05-2016, 07:16 AM
#25
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Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
Originally Posted by notEnuf
OK, obviously we don't agree. Water under the bridge. Looking forward 20+% in FEB.
Denny
12-05-2016, 07:33 AM
#26
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Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,022
Originally Posted by Denny Crane
I haven't been keeping track, is the PS pool bigger (for the first 3 quarters) than it was last year? I thought it was about the same. Assuming it is about the same for the entire year, the percentage we get would, technically go down (because our income went up 18%) even though the relative amount would stay the same..............wouldn't it?
Denny
Denny
Profit sharing audit will show the calculation from GAAP to PTIX to pool percentage to individual percentage.
12-05-2016, 07:43 AM
#27
Super Moderator
Joined APC: Dec 2007
Position: DAL 330
Posts: 6,865
Using the percentage of pay to compare PS year to year does not work well since pay and other variables (non con percentage) has changed.
The most important number will be the actual amount of the PS check each Pilot receives. I think it will be very close to last years number.
Finally I am not sure that I understand the reasoning of guys pointing out that our pay raise will reduce profit sharing. This is obvious, but it is like complaining that your taxes go up when you get a pay raise
- yes they do but overall you are better off.
Scoop
The most important number will be the actual amount of the PS check each Pilot receives. I think it will be very close to last years number.
Finally I am not sure that I understand the reasoning of guys pointing out that our pay raise will reduce profit sharing. This is obvious, but it is like complaining that your taxes go up when you get a pay raise
- yes they do but overall you are better off. Scoop
12-05-2016, 08:25 AM
#28
Gets Weekends Off
Joined APC: Sep 2014
Posts: 4,908
Originally Posted by Scoop
Using the percentage of pay to compare PS year to year does not work well since pay and other variables (non con percentage) has changed.
The most important number will be the actual amount of the PS check each Pilot receives. I think it will be very close to last years number.
Finally I am not sure that I understand the reasoning of guys pointing out that our pay raise will reduce profit sharing. This is obvious, but it is like complaining that your taxes go up when you get a pay raise - yes they do but overall you are better off.
Scoop
The most important number will be the actual amount of the PS check each Pilot receives. I think it will be very close to last years number.
Finally I am not sure that I understand the reasoning of guys pointing out that our pay raise will reduce profit sharing. This is obvious, but it is like complaining that your taxes go up when you get a pay raise
- yes they do but overall you are better off. Scoop
12-05-2016, 08:33 AM
#29
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Thread Starter
Joined APC: Oct 2012
Posts: 111
I didn't hear anyone complaining but instead figuring the amount of the check. For those of us fairly new to DAL saying that it will be the same dollar amount as last year is not accurate. New guys see big raises in the first couple years do a percentage estimate is far more accurate.
12-05-2016, 12:29 PM
#30
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Joined APC: Sep 2008
Position: Kickin’ Back
Posts: 6,971
Originally Posted by TED74
My purpose in pointing out the reduced profit-sharing percentage has always only been to make sure guys guesstimating their checks would be doing so accurately.
Denny
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