An Early Agreement
I'm a Delta guy. RA has said as well as our Sr. VP Flight Ops that one of their goals is to have an agreement in place before the amendable date. That will probably happen. We did last time. RA wants labor peace. Our profit sharing for 2014 was %16.5 of our annual W2. Next years forecast by some is for our PS to equal %25 of our annual pay. Delta's debt after the merger was $17Billion. Now its around $7Billion and the goal is $5Billion in two years. That saves major interest dollars. Investment grade credit rating is on the horizon. Fuel is down, RASM is up, inefficient 50 seat RJs are shrinking. 2014 profit was about $4.5Billion. 2015 is forecast to be around $6Billion. Delta seems to be printing money.
Having said all of that, our Profit Sharing for the future looks stellar. I hear the pilot survey was strong and clear that we don't want to give up any profit sharing. We can put up to %100 of it into our 401K up to the IRS limit.
I'm sure American will be in the same state in the future that Delta is now. Not sure if it's still possible but you may want to consider holding out for some type of profit sharing formula if possible. Nice way to get more without having to visit with Dougweiser. Anyway, good luck.
Tom