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Old 01-27-2022 | 11:57 AM
  #5682  
ShyGuy
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Joined: Dec 2005
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Originally Posted by All Bizniz
I guess when you consistently under pay your pilots, relative to the industry, it gives you a cushion to set aside some of those gains to pay out as profit sharing, even in bad times.
I mean, you do realize, especially last year, they literally changed the formula to ensure a close to 5% payout would happen for 2020 right?

I did the math. Back then it was supposed to be 70% profit, 10% safety, 10% brand, and 10% something else. Putting 0 for profit at 70% weight, the math I got showed about a 1.15% payout for profit share. They did readjust the formula to make it more focus-related and increase the payout 4x as much. We got 4.98% in a year everyone else got $0.00 and a year we lost $1 billion+ (and billions of losses at other airlines).

Now 2021 was a full annual loss overall and you’re getting 6.225% payout. For me, using the calculator that looks like one month of pay (at 75 hr guarantee). Obviously PBP is contractual, but the terms inside of it can be changed at their whim and to be fair, at least they changed metrics around to make sure there was at least close to a 5% payout.

Yes, the contract negotiations are stalled, feet dragging, etc. But if you are honest, they at least did the PBP numbers in the employee’s favor. Especially for 2020 and for 2021 as well.


The strike fund suggestion seems premature, and I’m surprised a local LEC would make that suggestion when the AS MEC has not said so.
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