Originally Posted by
Timbo
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.
I agree with both points. Parker was in Miami yesterday and the question was raised during a q and a and he kept pointing out how when times are down that having the higher rates and not having profit sharing would be the way to go. I'd much prefer our CEO to talk about how he will guide us to profits than hear about when we are losing money. We will see, it's all in the hands of the APA negotiators now....