Originally Posted by
gzsg
Ed announced to the financial world late last year that going forward Delta will now be the first airline in the USA to classify formerly one-time charges such as fuel hedging losses as normal business expenses. Delta never did that before and no one else does either. Back in the 90s when we also had a PS program we had no language to protect us from one-time charges. That is why we insisted on fixing this as part of starting a new PS program. This change of expense calculation is a drastic change from past practice and will negatively impact our PS pool for 2016 and beyond. The MEC is evidently not pursuing a grievance or requiring the company to stipulate as part of this TA negotiation that the calculation in 2016 will remain the same as for 2015 and previous years.
^^^THIS^^^
I understand we dropped the grievance on the 1-time currency write off as being a
one-time charge. Going forward, ie 2016 Profit Sharing calculations and beyond, will such accounting practices with respect to our Profit Sharing be tolerated? Was this addressed?
This is huge when determining our profit sharing payout and has the potential to nearly make our profit sharing worthless. Do we have an agreement on these BS accounting practices going forward in determining our PS?