Originally Posted by
Herkflyr
If we leave PS untouched and ultimately get a Section 6 contract agreed to and ratified, why would the members even think about discussing PS after the process? Unless I am missing something I don't get it. What's the point of negotiating a contract at all if you then say "okay, now let's really start talking about PS, or whatever"?
The reason is simple. Historically in this industry profit sharing has paid little or nothing. It has significant value now but may have no value 3 years from now. It could be worth more in 3 years but no one knows the future. In addition higher base rates help other airlines in contract negotiations. Base rates compound with future raises. A short history of profit sharing on APC reads like this.
2006-Profit sharing sucks, we will never see a dime. Stupid ALPA for wasting negotiating capital on it!
2012-OMG, ALPA gave up 1.9% in profit sharing for a 2% raise! Stupid ALPA
2018-OMG I have taken a huge paycut because profit sharing is paying nothing. How could ALPA have been so stupid not to convert it into additional raises when they had the chance!