Oh my.... This is not a good way to do math. Your 5th grade teacher should be ashamed. Get your son or daughter in the room, you need assistance!
Originally Posted by
boog123
This was forwarded to me, doyd…
Generic Napkin Math, based on 2014 PS %, percentages if incorrect would still be comparable.
"Typical MD-88 Captain"
Rumored:
2015
75 hours @ $206 Jan thru July = $108,150
75 Hours @ $223 Aug - Dec = $83,430 (8% DOS)
Total Salary = $191,580
Est. Profit Sharing @ 16.5% = $31,610
Total Compensation = $223,190
2016
Salary @ 236 ( 6% -1/1/16) = $212,400
Est. Profit sharing = $23,347 (33% reduction or 5.75% decrease)
Total = $235,764
2 Year Total compensation with rumored raises= $458,954
Status Quo
2015
Salary @ $206 = $185,400
Est. Profit Sharing = $30,591
Total = $215,991
2016
Salary @ $212.18 = $190,962
Est. Profit Sharing = $31,508
Total = $222,470
2 Year Total compensation without TA = $438, 461
Rumored = 458, 954
Staus Quo = 438,661
Difference = $20,492 over 2 years or Approx 2.25% raise per year…….
Conditions:
206.69/hr
16.5% PS
75 pay hours per month
(the actual average pay hours per month is 89, but I like the idea of working from 75, why work extra!)
You also leave out the 15% DC, which is paid as regular after-tax income to a pilot once he has reached the 415c limits. That's real money too.
STATUS QUO:
206.69 x 12 x 75 = $186,021 + PS of 16.5% = $216,714
With 15% DC = 249,221
Two year total = $498,442
With the Booger's rumored numbers:
2015 Jan.-June 206.69 x 6 x 75 = $93,010
2015 July-Dec. (+8%) 223.22 x 6 x 75 = $100,451
2015 total $193,461 + PS of 16.5% = $225,382
2015 With DC 15% = $259,189
2016
(+6%) 236.62 x 12 x 75 = $212,958
PS = 10.75% (16.5%-5.75%)
212,958 + PS 10.75% = $235,851
With DC 15% = $271,229
Two year total = $530,418
That is actually a hypothetical increase to that hypothetical pilot of $31,975.
Using your numbers it equates to:
His 2015 earnings being
4% higher than without said hypothetical deal.
His 2016 earnings being
8.8% higher than without said hypothetical deal.
Quite a difference from the 2.25% you errantly compiled!
(Let's not get into what the compounding of the DC and the equivalent of an extra mortgage payment of over $1776 per month can do!)
In the future, please do your math correctly or leave it to those who can.....