GuppyPuppy

As a B6 pilot I am curious as to how much your profit sharing works out to be as far as percentage of pay. AS is showing a profit of $769M, which is $1M more than B6 for 2019.

Our profit sharing was 0.0%.

What did yours work out to be?

Thanks,

GP

Flaps1check

7% of eligible earnings

Texasbound

Actually it was closer to 7.0449987510259%

KnockKnock

It’s not a true “profit sharing” program. It’s a performance based pay program. 70% is derived from profit the other 30% is based off of safety, customers satisfaction and costs. Those 3 non profit goal posts have a funny way of moving around year to year. Sorry to hear you guys got snubbed this year. What was your managements rationale behind cutting the pilots out?

Texasbound

Are you serious?

What is other management's rationale for paying out profit sharing?

Clue: It's in the contract.

Trust me, If the Delta pilots did not have profit sharing in their contract their number would have been ZERO as well. Along with all the other non-union employees at Delta riding the coat tails of the pilot contract.

ShyGuy

Its not in the AS pilot contract yet we got a profit share. Delta would have too, maybe not as high as 16% but still would have gotten something.

GuppyPuppy

Thanks. Appreciate the help.

GP

GuppyPuppy

They changed the formula before we agreed on our first contract. There was nothing we could do about it. They gave everyone an 8% raise when they changed it saying, "It's better to have the money up front, right?". The thing is, they knew we were getting close on a pilot contract and wanted to find a way to not pay out unless we made a ridiculous amount of money. The thing is, that 8% raise brought our agents and rampers up to par with their peers. The company sold it as kind of 'profit sharing up front'.

Also, there is a "cliff" to our profit sharing. They used to call it "guaranteed profit sharing" where you would get 5% of your wages put in to your retirement account no matter if a profit was made or not. That cliff applies to the pilots as far as profit sharing goes. In 2018, the profit sharing amounted to 5.2%. Since the cliff is in place, we were only paid 0.2% for profit sharing for 2018. Do the math. Most pilots saw a check for less than $400.00. Most agents/rampers saw about $40.00.

Evil.

GP

PNWFlyer

Guess you should read your contract.

section 3
Compensation

sub section D
Performance Base Pay (PBP)

PBP is our profit sharing. Know your contract.

KnockKnock

Yea, I’m serious, are you? JB has gotten profit sharing checks in the past. Some higher than what we’ve received. I’m wondering what triggers a pay out and why during a profitable year, they wouldn’t get one? Also....I have no idea what’s in JB’s contract regarding PS. I don’t work there.