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.
Interesting today in the earnings call RA backed off on reducing profit sharing. He said our incentives are obviously working because our performance is so strong. Hope that is the case.
We need to preserve profit sharing and get a historic increase of our hourly rates.