Originally Posted by
Dave Fitzgerald
This is the argument. Pay vs. profit sharing. Profit sharing is a relatively new thing. A way for management to reduce regular pay.
You don't think they play with the numbers? Absolutely they do. Every time any of the unions are in contract talks, management hides money and profits. Lots of ways to do it. In the past, management used this to buy new ground equipment. See a new bag cart? We must be in contract talks. Those things are indestructible. I know, they try!
We all would be better off with higher pay, instead of profit sharing. Times are good right now, but they won't be for long. That extra check will go to zero real quick.
This is why profit sharing is based on profit before write downs and taxes. If they’re hiding money then they’re falsifying SEC reports.
Originally Posted by
baseball
If Profit Sharing is down we need to tighten up scope and not relax it.
I don't trust Kirby. And for that matter, I don't trust Munoz.
These guys should be killing it right now.....
Best to negotiate higher rates of pay and simply blow off profit sharing.
If the airline doesn't want to make huge profits, that's clearly their choice.
Considering the hole Smisek and the post merger mgmt dug, we are killing it. They had several years of **** poor mgmt to dig us out of. It’s like losing 25% in your 401k, you need a 50% return to break even. They’re doing it and the performance numbers show it. We were so far behind our peers when they took over they had to cover twice the ground to get back up to even.
I for one am optimistic and I genuinely believe we have a mgmt team that wants to run a winning airline. Do not misconstrue that to think I’m willing to cave an inch on scope or any other concession.