Originally Posted by SharpestTool

Wanna bet? To think this is to think that profit sharing does not entail a cost to management. Profit sharing has nothing to do with past sacrifices or past anything. It is about the future.

nobody said it wasn't a cost to management. And yes, he was right, profit sharing does not factor into our pay rates. It is paid out as a percentage of flight pay earned for the year. Of course it has to do with past sacrifices. You even admit that by saying we wouldn't have it but for the bankruptcy contract.

Profit sharing is about future compensation, period. It entails risk, period, because the future is unknown. Profit sharing is a hedge. When the risk is that profits will runaway to the upside it is useful. It sucks big time when the risk is a falloff in profitability.

Correct, it is about future compensation.

If the bankruptcy had never happened, we wouldn't have negotiated profit sharing. It was a result of a weak hand we were dealt. It is an insurance policy.