Originally Posted by
RemoveB4flght
Dunning-Kruger on full display here.
No one said “can’t have it” to you It’s not an “accounting method”, Growth companies reinvest profits back into the company and service debt Yes, and they also stopped paying a dividend many years ago and haven’t since. This is not uncommon for a small company to pay a dividend to shareholders and then change strategy to use profits to drive further expansion instead. The checks you got years ago are irrelevant to the current profit sharing discussion. No you’ve only proven a limited understanding of finance, and that to recover what you already gave away to any significant gain would require revenue sharing instead of profit sharing, and what you want is to try to leverage away NK work rules you don’t care about to get.
-Not every pilot has to drop to zero every month to benefit from DTZ.
-It’s not something that is used by only a few pilots of high seniority.
-DTZ encourages a more open time trading as they are not hamstrung by some arbitrary minimum credit target.
-You have pockets full of straw man arguments.
-I am not trading away work rules for money, particularly bonus money that is predicated on the same “incompetent management” to do a really good job running the company for us to get.
-If you want your profit sharing back that YOU gave away, that’s cool, trade something else from the blue side, or don’t trade anything.
You're so cute.
JB pilots NEVER gave away profit sharing. The company took it, unilaterally, before our first CBA could be finalized. Nothing we could do about it.
How are the checks we got years ago, which were from the profits of the company, not dividends, not relevant? We were a growth company then (even more so) and we are a growth company now. So you guys can stop trying to tell us a properly written plan won't pay out since we're a growth company, we've already seen that it does pay out.
You can have your list of priorities, I have mine. You fill out your surveys, I'll fill out mine. The MECs, NCs and pilot surveys, and pilot votes will drive this process. While something being industry standard or normally found in peer CBA's isn't everything, it is something. Profit sharing is in every peer (in our peer set) CBA/company policy, including our current one. Pure ZERO TDZ is only found at NK. While I have no problem keeping it, I'm not sure I like the odds. But maybe. I do think it's highly unlikely we see a JCBA without profit sharing plan improvements. I'm sorry that triggers you.