Originally Posted by
formerdal
The number that's being floated around is about 6.65% with a profit of 1.6 Billion. Someone explain to me why that would be since in 2010 if my memory serves me we had a 1.2 Billion profit and 6.5% PS...
Why shouldn't the check be more like 8.5% with a 30% higher profit???
Here's the numbers from FY 2010, which was paid in Feb 2011, this is from the ALPA email:
Delta’s 2010 pretax profit was $608 million; our contract excludes several expense items so
Delta’s pretax profit was $1.94 billion for purposes of calculating profit sharing. ØSince some labor groups have a different profit sharing calculation, Delta divided the profit sharing payments appropriately between the two plans. ALPA’s Economic & Financial Analysis Department has reviewed and verified those calculations.
ØYour profit sharing payment for the 2010 calendar year will be approximately
6.5% of your 2010 eligible earnings; Delta plans to distribute the profit sharing check on February 14th, and it will be a separate payment from your mid-month paycheck.
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The contract lays it all out for expense items, I don't have the time to look and see what it would calculate out to. The email from ALPA that year was dated Jan 26, 2011 so I imagine we should be getting more information about profit sharing shortly.
Same thing with our 2012 W-2s, those emails (if you have electronic delivery) have come Jan 20-22nd, so we should get those shortly as well.