Originally Posted by
yodafly
I was thinking about profit sharing.
Profit sharing is inflation proof.
As the value of what the dollar can buy decreases each year profit sharing amounts should automatically increase based on the cost of relative air travel increase due to inflation.
If you follow this logic then any monetization of profit sharing should account for a 3% increase each year.
Absolutely right. Problem is that our negotiators gave away part of profit sharing very early on...absolutely 100% guaranteed. They've been trying their best to denigrate it in our eyes ever since with their renaming it as "at risk compensation." They're doing it to reduce the blowback they know they're going to get. It'll be very interesting to see if a majority of the members fight back.
Carl