Originally Posted by SawF16

Mike- I'm pretty sure the union has put out a letter in the last couple months debunking this. The gist is- for a given profit, we pilots will get the same amount of profit sharing regardless of how it impacts the payout for non-cons. 10 billion profit this year and next year- non-cons would get some amount of it @ 20% this year, all at 10% next year. Our total payout to be divided amongst the pilots would be the exact same number- our formula calculates as if there was no change to the non-cons plan. The only way their reduction in profit sharing would potentially increase the pilots profit sharing would be if the company took the $ they didn't pay to the non-cons and used it in some way to increase profits in later years (pay down debt for less interest expense, buy more efficient jets for less mx & fuel expense, etc). Alternatively if they vaporize that $ into stock buybacks, it does absolutely nothing for us.