Originally Posted by
seamonster
Pay raise math:
PS reduced by 152M for 2016 which equates to 5.74% of your pay. If the Profit hits 6B for 2016 the transfer of pay is 5.75% therefore you did not get a "raise" of 5.74%, only .26%. This is the math from our Union. Because the company will make 6B is is clear that the math is 8% plus .26% equal to 8.26% raise. how is that bad math.
That is the exact problem I have with this. Good analysis sir. If you take profit sharing out of the equation completely, how much pay increase will we see? ---> .26% <--- Now add it back in. How much will we see?
---> .26% <--- and we then get a profit sharing check of 5.74% (or more).
It really boils down to whether or not you believe DAL's profit will fall below $6B during the term of this contract. My gut tells me that it won't. The industry still has too many players that are behind us in their mergers. Now next contract will probably be a different story, and if this were a 6 or 7 year deal I might have a different opinion, but as it is now? uh, no.