Originally Posted by
Wingnutdal
I like this thinking. We are one black swan event away from losing a billion a year. And with everything going on in the world today it isn't that far fetched.
And I like the idea of negotiating the rates and then tacking ps on behind it in rates.
It is my understanding that profit sharing was introduced at letter 51, correct?
Please fix that last sentence if not, but that was my understanding.
It was introduced so that when Delta started making $$$$$ post BK with their new court approved debt plan, we would get a bone after the massive give backs from chapter 11.
Why would we ever trade that away for pay rates? If the company wants to reduce profit sharing, then buy work rules with it. How about a Fedex 6 hour vacation day, the extra week we gave up, and a min calendar day of 5:45 applicable to training as well. Something that we can contractually book the value in year after year that is worth roughly what we now get in a PS bonus.