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Old 07-28-2016 | 05:20 AM
  #58  
sailingfun
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Originally Posted by Timbo
Well you are focusing on the 20% and as I said, I was just pulling the numbers out of my ass, but the point is, if we get a 'raise' of a dollar amount, say $1 Billion, then the profits go down by that amount. Yes? Do you agree? So we have already cut our profit sharing, because there will be less profit; $1 Billion less.

Now, if to get that $1 Billion raise, we reduce our profit sharing payout by the same amount; $1 Billion, then we have cut it twice, because the profit is already going to be $1 Billion less, and then we 'traded' for the other billion. The company keeps the tax savings by moving $1 billion in 'Profits' to 'Operating Expenses' (pilot salary).

The devil would be in the details and how we set up the 'trade', but I have no doubt the company has "Top Men" all over it, and they will be sure to sell us all the Fuzzy Math we are stupid enough to buy!

As I said earlier, the company doesn't want to make this trade because they think profits are going down in the future, do they?
You need to factor in the reduction in profit sharing also generated by the non cons getting raises when we don't. The 18% awarded last year will make a big dent in our checks come Feb. Another Elephant in the room will be tax issues when we finally get a TA. If it's not done by the end of this year and it appears that is unlikely any retro or signing bonus will produce serious tax implications and reduce the gain. Virtually every Delta pilot will be thrown into the AMT quagmire!
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