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Old 04-29-2015 | 08:01 AM
  #3729  
gzsg
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Originally Posted by sailingfun
The math is actually easy. On the first 2.5 billion we get 10% or 250 million. On the rest it's 20%. Which would be 1.5 billion. Total to the employees would be 1.75 billion. To get a very rough idea of what that would pay you each 135 million is worth about 2% in pay.
That comes out to about 26%.
I am not sure where Jerry gets 40% on 10 billion in profits. I suspect he is looking at net not PTIX numbers and is trying to ratio it out. If the net profit were 10 billion and the PTIX were 15 billion then 40% would be in the ballpark.
There is one other important point with our profit sharing. Unlike other airlines it is fully pensionable so each pilot gets 15% on top of the PS number. If a pilot receives 50k in profit sharing a additional 7,500 would go to the pilots DC plan for a total of 57,500.
You are way off. We made $4.5 billion last year and what percentage did we get?

That was with only $2 billion at the 20% level of PS. Now add $5.5 billion additional at 20%.

That makes no sense.
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