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Old 02-05-2016 | 04:46 PM
  #187501  
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Denny Crane
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From: Kickin’ Back
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Originally Posted by UGBSM
Any thoughts from today's AP phone interview with CEO-to-be, EB?:

Q: Are increased labor costs a problem?

A: Our people need to share in the success of the airline. We’re paying out bonuses equal to 21.4 percent of annual salaries, across the board. But we’ve got to stay disciplined. When we look back at our fourth-quarter results, we retained about two-thirds of the fuel savings to the bottom line. Some of it went, as it should, to improved employee profit-sharing and compensation, some of it went to lower fares, which were down 5 percent on average.

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Ok, DAL has spent money to give everyone (except pilots) a raise. But how has the company "improved" profit sharing?
Right there he admits profit sharing is like a "bonus" and not a wage. Since that's the case, he should not have a problem paying a competitive hourly wage.

Denny