Originally Posted by
DeadHead
Anyone have any formulas to calculate profit sharing under our old PWA (15% first $2.5 billion)?
The 5% reduction comes to $125,000,000 reduction of what would have gone to the employee profit sharing plans for all groups. I was just curious what that would have amounted to for pilots.
I'm sure this will get things going back and forth, but regardless I think it's important to see the hard number of what this concession actually cost the pilot group in retrospect.
Before I get accused of being a "black helicopter flying overhead" pilot, I'll say that it was good to see a transition of our compensation from profit sharing into our actual month to month pay checks.
Sure. I doubt much of this year's number is influenced by the higher payout > $ 2.5 B profits. So, 10% is 2/3 of 15%. Assuming my math is correct, and I'm getting 76 hours, I'm giving up 38 hours for a 3% raise. The 38 hours is at-risk compensation, so it may or may not be recurring, the 3% remains over the years.
Worth it? I'm not sure.