Originally Posted by
tzskipper
10 years ago (give or take), management couldn't give profit sharing away. Airlines were losing money at a staggering rate.
Now airlines are profitable, pilot groups are clamoring to hang on to profit sharing, even though when "things turn south" (they always seem to do, if you believe history), the profit sharing payout is the only thing assured to take a hit. That is straight up, dollars gone. Seems to be a lot of trust in management these days.
Maybe a rhetorical question, but why?
Skipper
If profits dry up that by definition means a huge multibillion dolalr swing into the red and beyond. If that happens, do you really think we will hang on to the higher rates we traded for PS? They will come for a "haircut" and we will likely give it to them. Except this time, they will
never give us the same PS percentages/tiers. Ever.
We sell this now, we will lose out in the long run. Not to mention the other concessions. Its even harder to get work rules back than it is pay rates.