Originally Posted by
feltf4
im not up on finance like everyone here is. But doesn’t that company need to be profitable to give out profit sharing?
Maybe you’re are being sarcastic but you are correct. But most of the profit sharing deals at our competitors came from bankruptcy or were carried over from contracts negotiated in bad times where they weren’t profitable. It costs nothing to give away nothing and gave the company some negotiating capital at the time. So the idea is to leverage their need for CBA relief to get profit sharing. It honestly doesn’t seem like we are giving up much and a deal that gives us more block hours and a competitive edge in places that were hard to break into before everyone got slaughtered benefits us all. Some may disagree. Scope is very important though, and it’s the reason why AA can codeshare and furlough at the same time. We don’t want to go down that road.