Originally Posted by
Falcon20
It’s very true. The pool is calculated by the formula in the contract. Then pilots get a portion (historically about 1/3rd) that is divided to each person. When the non-cons had a different formula it was calculated like it is now then the remaining 2/3ish amount was removed and they did the calculations with the other formula.
I wish the $1B all went to us greedy pilots being a greedy pilot. Alas this is the reality we have.
Technically what OOfff said was correct:
Originally Posted by
OOfff
Pilot PS is wholly unaffected by FAs and other work group PS.
Our PS is unaffected by
other work group PS. The variables for the calculation are PTIX and eligible wages for employees of all profit sharing plans. PTIX specifically excludes profit sharing expenses, and eligible wages specifically exclude profit sharing payments. So if theoretically the company terminated the FA/ground PS plan for last year, there would not be an increase in PTIX, and the eligible wages would be the same. Our payout under the PS plan would be unchanged at ~5%.