Originally Posted by
LeineLodge
You guys are acting like this is some revelation. It has been widely acknowledged that about 2% of the 4/8.5/3/3 was monetized profit sharing.
When you consider that only 3 or 4 of the last 13 years have been profitable, it seems an okay trade. You are now getting that 5% profit sharing reduction, in the full amount, guaranteed every year.
But both of you already know this. Let's just whine a little more about something that the pilot group ratified...
Carry on with your pessimistic pep rally guys - the sky is falling!
How do we figure 2% was monetized if profit sharing is a variable? Is it just 2% if Delta goes to a $3 and $3.5B profit while raises hold at 3%?
Now again for me pay was trumped by scope, but I'm in a minority there, but 4/8.5/3/3 was below a lot if not most expectations with a profitable company. Can't imagine what the number was before we sold scope and borrowed from profit sharing to get it up to 4/8.5/3/3
