Originally Posted by
IAFDOF
This is why I’m still not huge on profit sharing. Delta doubles their profit, JetBlue scrapes by. I don’t think it’s a tactic, I think it’s true. This company runs a 40% ontime operation and wastes money on inefficiencies like it’s cool. We’ll never make a real profit like the legacies because we don’t run the company like a real airline.
JB, in the not so distant past, has had margins equal to or better than the rest of the industry, and are forecasting high margins in the coming years due to "initiatives"...
But, to your point, if the company isn't very profitable, then the language/formula costs them very little... So why would they fight it so aggressively?
PS is just language and a formula. If there is no profit, there is no profit sharing payout, and if there is a profit, it is proportional. So what's the point in fighting it if the payout is going to be miniscule?
Anyway, I'll wait patiently for the union and the company to get it right, with Delta+ rates, a snap-up clause to equal Delta +2% (just because I want to see the look on the Delta guys faces (relax Delta guys, mostly a joke)), great per diem and PROFIT SHARING language.
The other airlines, virtually all of them, are weeks (give or take) from TAing Delta like CBAs, who will come to JB when all other airlines jump WAY out front.
I'll wait till they get it right.