Originally Posted by
sailingfun
The numbers for profit sharing are easy to figure out. Take 63 million and divide it by the total profit sharing pool and you will be within spitting distance of the percentage payout you will receive based on current wages and total number of employees at Delta. If we get a bigger raise then the employee group as a whole our portion of the profit sharing would go up. In the rumor posted we would see a reduction in the profit sharing pool of 200 million dollars. That would result in just under a 3.1% reduction as a percentage of pay.
Last year the pool of profit sharing money was 1.1 billion which produced a 16.8% profit sharing amount. That would be 900 million under the new formula or about 13.7%.
The percentage of profit sharing lost would be reduced if profits increase and increased if profits go down with the worst impact if profits were exactly 4.5 billion PTIX. In 2014 the PTIX was around 6.5 billion.
If we can't hit 25% 1/1/16 then touching PS is a self funding failure.
Delta will make $6 billion this year and American will make $10 billion.
This rumor is chump change. Fail.