I think Profit Sharing is a very good thing for everyone. With Profit Sharing, the employees realize that if they do a good job, their company does better, and they get a share of it.

Unfortunately, here at Atlas, we do NOT have Profit Sharing. We have "Profit Sharing". BIG DIFFERENCE!!!

Profit Sharing is as described as above, and helps the company in the long run, and helps the employees.

This is how Atlas "Profit Sharing" works:
AAWH owns Atlas, Polar, Titan, Southern, and ???
Our current contract "Profit Sharing", ONLY includes Atlas Air, and NO OTHER PARTS of AAWH.
ALSO, our contract included an EXCLUSION of much of the profit of Atlas Air! The current contract "Profit Sharing" deal is really, really crappy.

So, here's what can happen:
AAWH sells 49% of Polar to DHL, and the pilots get ZERO, because the money generated was by selling part of Polar, and Atlas "Profit Sharing" only includes Atlas Air.

AAWH decides to buy new planes for Atlas/Polar/Southern/Titan, and uses ALL the net profit from Atlas Air to do so. As a result, Atlas Air "profit" is ZERO for the year, so Atlas pilots get NOTHING from the "Profit Sharing".

In the next contract, I want PROFIT SHARING...that is, sharing the profit of AAWH. That would be very good for the company, in the long run, and good for the pilots. No more "Profit Sharing"!!!