Originally Posted by
Denny Crane
Sailing fun, I agree with you some of the time but not in this instance. The 747 2015 captain hourly rate is $270 and change in contract 2012. If you are going to compare hourly rates, then do so without fudging them. Profit sharing has nothing to do with hourly rate.
Denny
Denny, I posted exactly how I arrived at the rate. Base rate which actually is 271.45 with the 1 APR rate plus 16.5% on profit sharing plus the DC plan. Profit sharing is variable so for 2015 I took a rate lower then 2014 however projections are for it to increase. Neither the DC plan or profit sharing were there in 07.
Certainly there are no guarantees with PS but it is a part of our contractual compensation.