Originally Posted by
slowplay
I know that you kids were taught new math and all, but it looks a little strange to me to take an "average" profit sharing check and "average" that into the highest paying position.
Profit sharing is based on pre-tax income. The numbers that Alfa's guestimating would provide around a 4% (including DC contributions) pay boost for active pilots. I'll take that. I'm hoping for more, but we do work in the airline industry.
Slow,
Can you dumb this down a little for me please? I'm reading Sec 3.I Profit Sharing Plan. It says the payout calculation is based on PTIX which is pre-tax income levels, right? So if the company makes $0-2.5 billion then 15% of the PTIX is paid.
Does that mean 15% goes to the pilot group, & then the pilots split that 15%? Is our individual shares then based on PTIX, or is split evenly among all pilots?
Thanks for putting it in simple terms.
