Incentive Plan / Profit Sharing?
11-02-2022 | 01:40 PM
#2
On Reserve
Joined: Apr 2020
Posts: 36
Likes: 6
Performance Based Pay program, arbitrary moving goal posts set by the board and management every year so you don’t ever hit them all and get full profit sharing. Program historically averages 6-7% and isn’t considered 401k eligible
11-02-2022 | 03:23 PM
#4
Gets Weekends Off
Joined: Apr 2015
Posts: 358
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From: 737 FO
Pays out in February. This year, as an FO, mine was approx. $10,000 and came out to $6,700ish after taxes. Paid for my LASIK and then some. We also get Operation Performance payouts 4x a year. Just got one a couple weeks ago for $250 before taxes. That one is based off on time percentage, reduce jetbridge contact with the airplane, etc...a whole airline contributes type of thing.
11-02-2022 | 03:49 PM
#5
Line Holder
Joined: Apr 2018
Posts: 700
Likes: 0
Call me a cynic, but could it be their strategy to massage the numbers to only pay 5-6% in the great years (when it should've been > 10%), and then in less profitable years, they come out smelling like a 🌹, by still paying out 5%, assisted by the bounty from the previous record years?
11-02-2022 | 04:17 PM
#6
Gets Weekends Off
Joined: Apr 2007
Posts: 3,846
Likes: 9
Call me a cynic, but could it be their strategy to massage the numbers to only pay 5-6% in the great years (when it should've been > 10%), and then in less profitable years, they come out smelling like a 🌹, by still paying out 5%, assisted by the bounty from the previous record years?
11-02-2022 | 04:23 PM
#7
Gets Weekends Off
Joined: Nov 2017
Posts: 257
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Great deal! Until Delta gets about three times that. They were also giving AS a discount on everything. We’ll see how that number holds up moving forward since nothing was negotiated further.
11-02-2022 | 04:58 PM
#8
Gets Weekends Off
Joined: Dec 2005
Posts: 9,348
Likes: 332
The angry 18 is still angry. The “massaging” was changing the 70% of calculation as PROFIT from 2020 and changing it to favor the employees so they would get a payout by making it Covid recovery targets (which were met).
The great years AS paid higher than 5-6%. Starting in 2012, it has been 8.1%, 9.6, 10, 9.3, 8.73, 7.47, 6.69, 7.05, and for 2020 4.98% and 2021 6.23%. Both those years were at a time others got $0.00
New TA passed. UA and AA turned down their TAs and back to the table for them, who knows when TA2 comes for them. But could the angry 18 be happy? Could they recognize we are in a good shape and in some ways are industry leading now? No. Far better to continue looking at Delta and being angry for what they don’t have here. I suppose that’s one way to go through life.
The great years AS paid higher than 5-6%. Starting in 2012, it has been 8.1%, 9.6, 10, 9.3, 8.73, 7.47, 6.69, 7.05, and for 2020 4.98% and 2021 6.23%. Both those years were at a time others got $0.00
New TA passed. UA and AA turned down their TAs and back to the table for them, who knows when TA2 comes for them. But could the angry 18 be happy? Could they recognize we are in a good shape and in some ways are industry leading now? No. Far better to continue looking at Delta and being angry for what they don’t have here. I suppose that’s one way to go through life.
11-02-2022 | 05:10 PM
#9
On Reserve
Joined: Apr 2020
Posts: 36
Likes: 6
The angry 18 is still angry. The “massaging” was changing the 70% of calculation as PROFIT from 2020 and changing it to favor the employees so they would get a payout by making it Covid recovery targets (which were met).
The great years AS paid higher than 5-6%. Starting in 2012, it has been 8.1%, 9.6, 10, 9.3, 8.73, 7.47, 6.69, 7.05, and for 2020 4.98% and 2021 6.23%. Both those years were at a time others got $0.00
New TA passed. UA and AA turned down their TAs and back to the table for them, who knows when TA2 comes for them. But could the angry 18 be happy? Could they recognize we are in a good shape and in some ways are industry leading now? No. Far better to continue looking at Delta and being angry for what they don’t have here. I suppose that’s one way to go through life.
The great years AS paid higher than 5-6%. Starting in 2012, it has been 8.1%, 9.6, 10, 9.3, 8.73, 7.47, 6.69, 7.05, and for 2020 4.98% and 2021 6.23%. Both those years were at a time others got $0.00
New TA passed. UA and AA turned down their TAs and back to the table for them, who knows when TA2 comes for them. But could the angry 18 be happy? Could they recognize we are in a good shape and in some ways are industry leading now? No. Far better to continue looking at Delta and being angry for what they don’t have here. I suppose that’s one way to go through life.
11-02-2022 | 05:17 PM
#10
Banned
Joined: Apr 2008
Posts: 1,112
Likes: 140
The angry 18 is still angry. The “massaging” was changing the 70% of calculation as PROFIT from 2020 and changing it to favor the employees so they would get a payout by making it Covid recovery targets (which were met).
The great years AS paid higher than 5-6%. Starting in 2012, it has been 8.1%, 9.6, 10, 9.3, 8.73, 7.47, 6.69, 7.05, and for 2020 4.98% and 2021 6.23%. Both those years were at a time others got $0.00
New TA passed. UA and AA turned down their TAs and back to the table for them, who knows when TA2 comes for them. But could the angry 18 be happy? Could they recognize we are in a good shape and in some ways are industry leading now? No. Far better to continue looking at Delta and being angry for what they don’t have here. I suppose that’s one way to go through life.
The great years AS paid higher than 5-6%. Starting in 2012, it has been 8.1%, 9.6, 10, 9.3, 8.73, 7.47, 6.69, 7.05, and for 2020 4.98% and 2021 6.23%. Both those years were at a time others got $0.00
New TA passed. UA and AA turned down their TAs and back to the table for them, who knows when TA2 comes for them. But could the angry 18 be happy? Could they recognize we are in a good shape and in some ways are industry leading now? No. Far better to continue looking at Delta and being angry for what they don’t have here. I suppose that’s one way to go through life.
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