Originally Posted by
gzsg
And, Mary Jane, this is Ed. One additional thing, we also reduced the profit sharing going forward and that’s an important part of helping to fund that cost growth.
Self Funding our hourly increase by giving up profit sharing is a huge mistake we cannot afford to make again. As you can see from Ed's comment above on C2012, this is clearly management's goal.
Our profit sharing check next February will double. IMO 2015 will be another 50% larger again as Delta makes $5.5 billion or more next year.
If you reduce profit sharing and increase hourly rates, your W-2 stays the same.
Our W-2 need to increase 25% date of signing. Coupled with improvements in the rest of the PWA C2015 needs to add $1 billion to the Delta pilots.
Edit
Jerry,
Wouldn't a 25% increase add $1B by itself?