Originally Posted by sailingfun

No, that's why it makes sense to monetize the profit sharing if it's above and beyond the negotiated payrates. In my case it's probably better to stick with profit sharing with the few years I have left. If however i had 20 years to go I would want the money in the payrates.
"The industry is fundamentally changed. Double digit rate of returns are hear to stay!" That was the Mantra being touted by management and unions alike in 2000. By June of 2001 the airlines were facing some of the biggest losses ever. It turned in the blink of a eye. For the young guys we need to be very careful how much at risk based compensation we leave in our contracts. It would be beyond stupid to negotiate based on good times forever.