Originally Posted by capt707

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