Profit sharing has historically been something that management groups offer to pilots as they are gutting pay, retirement, work rules, etc. It has historically been worth little or nothing. We had profit sharing and it was negotiated away as part of the FAPA Invest deal when we were purchased by Indigo.
There is not a single management group out there that had any idea of the turnaround this industry was about to make. If they had a clue, they never would have offered profit sharing the way they did. In addition, every pilot group was *****ing and moaning about profit sharing when these deals were made, and now they would likely give a kidney prior to giving up their profit sharing...and their management groups have been asking.
There is an exception here which would be AA. They were given(not negotiated) their profit sharing while the airline was profitable, not because they have saavy negotiators or because DP is a great guy. AA offered the profit sharing because the American pilots had already fallen considerably behind DL and UA in wages, and didn’t have other provisions that DL and UA had like avg min day among others, and Douggie didn’t want the airline to implode. AA profit sharing is nowhere near as favorable as DL profit sharing. Indigo has already demonstrated they don’t care if the airline implodes.
If profit sharing is really something the pilot wants as part of this negotiations then we should make that known to the NC, but, much the same as it was when DL, UA et al negotiated it, it won’t be free. They gave up huge money to get it(of course they had no choice because they were in bankruptcy) and we will too. Personally I have no interest in sacrificing pay rates or retirement money for profit sharing when our airline is making historic profits, the same way I wouldn’t want to buy a house the day before the real estate burst. The cost will be way too high. It sucks, but that is life.