Position Report
(Friday - 02/10/12)
Quote: Captain Jay Pierce
On another positive note, I received a letter from management this week detailing the computations for the profit sharing distribution our pilots will receive next week. We, of course, will have ALPA E&FA verify the accuracy of the information provided, but at first glance, it appears valid. The CAL pilots’ share of the Company-wide $245 million profit-sharing pool is $31 million; each CAL pilot will receive roughly 4.983% of their eligible 2011 earnings. As you know, our participation in the plan for 2011 was not a certainty until recently. That does not mean, in any way, that you did not earn this compensation. You most certainly did and I know you will put the money to good use. Whether you use it to make up for some of the shortfalls of our current contract or save for a rainy day, you earned every dime.