Originally Posted by
Alan Shore
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?
By putting a number now on 2015 profit sharing they are treating it as a known quantity.
All I am saying is that we should be comparing apples to apples with the contracts of our peers. I think we should be looking at each part of what makes up our w2 earnings and QOL as it compares to our peers, hourly rates, work rules, retirement, medical, and other bonuses. I felt that the last section of the contract comparison used profit shareing to inflate our book rates without giving the same treatment to the rates of our peer.