Originally Posted by
MTSUFlyer
For those that have been through indoc, I'm curious how profit sharing is calculated.
Looking at quarterly reports, it looks like Delta made around $3.6 billion in pre-tax income for 2015. Based off the current TA, $470 mil should be the PS for all employees. For a first year pilot making $70K in 2015, how would you calculate their profit share?
I can't answer how the percentage is calculated, however, an email a few days ago from the company said it would above 21%.
So, add these paycheck lines together. FLT ADV, FLT PAY, and REGULAR. That represents what the final PS percentage is multiplied against to get your base payout.
Take out 25% Fed withholding, your state taxes, 7.65% FICA taxes, ALPA's 1.85%, and DPMA dues. Add in deductions for 401k and HSA contributions and you'll get a good picture of what you'll take home.
Sent from my iPhone using Tapatalk
iOS 8.1