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Old 12-13-2015 | 11:27 AM
  #60  
82spukram
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Joined: Jun 2009
Posts: 406
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From: A320 FO
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Someone posted the formula for profit sharing before I ran the numbers. At the end of the 3rd quarter it was ~16.9%. we will see what the 4th quarter brings but 1billion seems right. As far as pool is concerned our (pilots) profit sharing is defined by the UPA. So you can have just the 12000 pilots or all 85000 employees it's doesn't make a bit of difference because of the way profit sharing is determined. (Everyone is using the same formula for 14 and 15 (pilots)).
From the UPA:

3-H-3 For profit-sharing based on the years 2014 and beyond, the Company profit sharing plan shall be funded with ten percent (10%) of pre-tax profit up to a pre-tax margin of six and nine-tenths percent (6.9%) plus twenty percent (20%) of pre-tax profit in excess of a pre-tax margin of six and nine-tenths percent (6.9%).
3-H-4 Special and unusual items shall be excluded from pre-tax profit when making the calculations in Sections 3-H-2 and 3-H-3.

Long story short profit sharing is based off the financial performance of the company before they determine every work groups profit sharing.

Don't spend it all I one place and if it where me fund your retirement and kids college funds. Get the toys later.....unless of course it is later for you know they pimp your bicycle!
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