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Old 07-16-2014 | 06:15 PM
  #162951  
iceman49
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Joined: Jun 2008
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Originally Posted by Pineapple Guy
sailing, I think you might be pleasantly surprised. Profit sharing was 8.2% last year, and I believe our YTD profits far exceed this time last year, so I don't think 12-15% is out of the realm of possibilities.

As for trading PS for pay, I hate to admit I actually agree with Jerry on this one. My reasoning is much different from his though.

Management wants/needs the flexibility to reduce costs when revenues turn south which they inevitably do in this industry. So, tying a portion of pilot costs to profit sharing means they might pay more than they want in good times, but get to pay less in bad times. And in the long run, I think we end up with more pay with a profit sharing component because of that. They can't argue they can't afford the profit sharing piece, because by definition, it's coming out of profits. And they can keep our hourly rate in line with the competition, but if Delta does well, we can all benefit from that.

I say, don't touch it. And I've been around long enough to fully realize this economic cycle will end, and our PS will dry up in the coming years; but I'm still OK with that.
Agree with PG, might as well get a taste of the good times while they are rolling. All the talk of capacity restraint is great at this point, but the industry will go south at some point, world events, economic events etc.