Originally Posted by
casual observer
You've got a point, but keep it simple for the likes of me.
We give up the 14% profit sharing for a 28% pay raise. (in the context of negotiating the next contract).
When I've got all the cylinders firing, I can understand something like that.
Ok, I will say this one last time. I am not talking about selling profit sharing for raises in the next contract. I am talking about monetizing that profit sharing as a guarantee. As I have also pointed out the company will never agree to that unless we agreed to a rate at a steep discount to what they project the profits to be.
Let's put it in simpler terms. If the at the end of contract negotiations when we are minutes from a TA and pay rates set already we said to the company the following.
"You have told us the company is going to continue to make great profits and we can expect a average of 14% per year in profit sharing. We will call this a TA and take the agreement to the MEC if you monetize that profit sharing as a 14% additional raise. Since you have assured us of the profit level it cost you nothing!"
Would that be good or bad for the pilots?