Originally Posted by
leavemealone
I suppose APC Jetbue profile is wrong as it says that the PS is 10% if the PM was under 18%. Either that or I'm misreading it. How is it calculated? I read online that 2018 PM was a little more than 8%.
It is 10%. But that amount is arbitrarily reduced by HALF (the "cliff"). Blue math. It always works in favor of the company and against the pilot.
CBA 3.N:
Pilots are entitled to profit sharing based on their pro rata share of the 10% of adjusted pre-tax income before profit sharing and special items up to a pre-tax margin of 18%. The result is reduced by 5% of eligible compensation
Market rate profit sharing right there.
