Originally Posted by
Sink r8
Our wages are what it costs Delta to fly the leg on a current basis, and our profit-sharing represents deferred compensation for taking the airline through bankruptcy, and the merger. Just like the executives got stock options for being here, which are vested over some period of time.
Why would we be so stupid as to use deferred compensation to fund current wages?
"Monetizing" is what you do when the company is doing poorly, and you need to make a trade. Right now, it's (perversely) being used as an argument for self-funding a well-deserved wage increase.
This questionable argument was used with marginal effectiveness in C2012, but the bitter taste of buying our own increases lingers. I think it's a mistake to assume that people think of their PS as transient, or somehow "not real". Sleight-of-hands with the PS might be a gross miscalculation.
I've noticed a few guys floating trial balloons in the lounge. I deflated one as mercilessly as I could.
Great post.
Well over 95% of our pilots want to keep our profit sharing or increase it.
The few pilots trying to sell reductions at Pub events and in the crew room are part of a coordinated effort by the new strategic planning chairman and his VC a long time cost neutral advocate.
We are in for a big fight. We can win but everyone needs to stay in contact with their reps and keep profit sharing off the table.