Originally Posted by
Mem9guy
I found it very misleading to use profit sharing to inflate our hourly rates. It was especially disturbing to me for them to treat future profit sharing as some type of known and guaranteed income.
Here I go again with my glass-is-half-full perspective. I read the profit sharing piece to be something that adds to our guaranteed rates when times is good and does not when they ain't. The chart clearly delineated where the hard pay rates end and where the profit sharing begins, and even showed how that made for an effective pay cut from 2008 to 2009.
Obviously, future profit sharing can't be guaranteed, but by all accounts, 20014 and 2015 are certainly shaping up to be pretty good years, with better than 10% profit sharing.
And where do you see it written that this profit sharing is "known and guaranteed"? In fact, they specifically state that profit sharing payouts for 2014 and 2015 are not yet known.
With all of the flack that ALPA has received for not being able to see obvious profits ahead when they agreed to C2012, now we're going to give them grief for publishing what may well be a conservative estimate of those same future profits?
Really?