Originally Posted by
Saabs
We are not days away from a TA - in fact APA just extended negotiations for another 30 days.
Also don't know where you got delta plus 5% from! our proposal was 2015 delta rates. The rumor is delta + ? In exchange of no profit sharing.
As of now the MOU calls for delta and united rates averaged together in 2016 for pay parity, but APA has said they want it now. Don't know how that applies to when Delta gets a new contract.
What will be the demise of APA is if no JCBA is agreed to it goes to arbitration and cannot exceed the cost structure of the MOU. Basically it would be slightly below average of current delta and united contracts for the next 4 years.
I think having no profit sharing would be a HUGE mistake, for two reasons:
1. Profits going forward are going to be huge, now that there are only 3 Major US Carriers, and little or no undercutting of each other. Reduced competition PLUS the falling price of fuel will guarantee big profits...at least until the next 'economic downturn'.
2. Profit Sharing is a GREAT motivator to get employees to work harder. With profit sharing they are 'vested' in the operation and when it comes down to doing a good job, or just punching out and going home, they will try just a little bit harder. And, it is right that they should share in the success they created.