Originally Posted by
slowplay
Our current contract allows for a much higher portion of profit sharing by pilots. Our very meager pay increases are actually being “funded” (the MEC’s words not mine) by the reduction in our profit sharing. By keeping our current contract, we will be very close to a wash on pay given the enormous profits that are in Delta’s future.
... Once they tire of sending out HUGE checks for profit sharing (that are indexed for inflation where multi-year pay raises are not), [/QUOTE]
Hey Carl, can you do that math problem for me?
Show me what our February 2014 pay and profit sharing would look like under 3 scenarios:
1. 3 billion PTIX (very profitable)
2. 1.5 billion PTIX ( just like last year)
3. No profit.
Thanks!
Hey slow. Section 1.D.9 has block hour ratios based on the 767-300 (non ER) aircraft. Since management has already stated that those airplanes are destined for the scrap heap, why is this even in the contract. I think this could be a GREAT thing, since a ratio based on zero is zero. Or is there another loophole that I don't see?
Oh, and the answer to your question # 1 would be a lot less than it is under the current agreement. Since the 20% applies to the earnings ABOVE 2.5 billion, and with the monies less than $2.5 billion being cut in half, that to me would seem to mean it is less money than under current conditions. Under question 2.. 50% of what it is now Question 3, N/A