Originally Posted by
Std Deviation
Help me remember- under the 8% raise we negated any form of profit sharing correct? Or was an increased 401K contribution included? It's all hazy now... I blame ATC.
The profit sharing model was going to change either way, we only voted on the 8% raise.
The new profit sharing model shares 15% of pre-tax profits to a dual trigger model:
If JetBlue’s pre-tax margin is 18% or lower, we share in 10% of pre-tax profit.
If JetBlue’s pre-tax margin is higher than 18%, we share in 10% of pre-tax profit up to an 18% pre-tax margin
PLUS
20% of any pre-tax profit above an 18% pre-tax margin