Originally Posted by
Nevjets
Maybe because Skywest bonuses aren't bonuses? They are profit sharing or performance bonuses, neither of which are guaranteed. Unlike the bonuses at all the other regionals.
So you are saying that the 45 ejets would've gone to xjt? The negotiations at xjt have stalled. Management doesn't want to pay.
They are guaranteed.. check your facts..
Guarantee – The total PPS distribution will be no less than:
*Guarantee applies only to first half of 2022 (September 15th, 2022 payment)
1) $11.7 million for the sum of the total PPS distributions covering net income in 2017 (reconciled annually).
Pilot Profit Sharing Guaranteed Payment Schedule
2017 2018 2019 2020 2021 2022* Guarantee $130M $135M $140M $140M $140M $70M Percentage Net Profit 9% 9% 9% 9% 9% 9% MinimumDistribution $11.7M $12.15M $12.6M $12.6M