Originally Posted by
Timbo
Here's a quick WAG on that; 2014 profit was $4.5B and our profit sharing was 16% of your W2. Straight ratio math says, if profits are $10B, then profit sharing should be around 35% of your W2.
They can have ALL of my profit sharing... as soon as they restore my retirement plan ($3Million just for me) and return my pay rate to 2004 rate, plus inflation ($400/hr.).
I've already given up my DB plan, and $100,000/yr. for 10 years, if they want any more, while they are earning BILLIONS, they can kiss my rosy red...
Nope... But I see what you're saying. Remember, we don't get paid off of net profit, we get paid off of PTIX before special items and profit sharing deducted:
1.1B of money in the PS pool
250M = 10% X 2.5B
850M / 20% = 4.25B
PTIX was approx. 6.75b in 2014
PTIX 10b:
(.1 x 2.5B) + (.2 x 7.5B) = 1.75B
250M + 1.5B = 1.75B
PS dollars set aside:
1.1 = 16.58%
1.75 = 26.37% (using 2014 wages/employee pool size)
Wage growth of 3% for non contract employees (4% but only 9 mos.)
and no new pilot deal but pilots increased 3.55% for all 12 months of 2015. *Assumption*: total payroll grew by approx. 3% in 2014.
26.37% / 1.03 = 25.6% / 1.032 = est.
24.8% Payout for 2015 if $10B PTIX