Bonuses
#2
I still can’t get a clear answer as to how they come up with this number. Why was it only 2.7 this time? I get the Daily snapshot emails. Everyday we are flying more flights and passengers than the same day the last year.
Is it the transition that is bringing this down?
Is it the transition that is bringing this down?
#3
Line Holder
Joined APC: Sep 2015
Posts: 94
Operating revenue was up 12.7% in Q4, which makes sense with your statement of increased passenger counts etc. However, our bonus is based on Operating Income, which was down 61.6% in Q4. Why? Operating expenses, 757 retirements, increased lease payments, aircraft acquisitions, training, aircraft standardization, and other factors probably all influenced the increased spending. I agree with a number between 2.5% and 3.0% for what will be announced for profit sharing. Possibly on the lower side of the range due to an increased number of team members and pilots sharing the 5% contributed to the profit sharing pool.
#4
Banned
Joined APC: May 2012
Posts: 520
Operating revenue was up 12.7% in Q4, which makes sense with your statement of increased passenger counts etc. However, our bonus is based on Operating Income, which was down 61.6% in Q4. Why? Operating expenses, 757 retirements, increased lease payments, aircraft acquisitions, training, aircraft standardization, and other factors probably all influenced the increased spending. I agree with a number between 2.5% and 3.0% for what will be announced for profit sharing. Possibly on the lower side of the range due to an increased number of team members and pilots sharing the 5% contributed to the profit sharing pool.
https://g4connect.allegiantair.com/profit-sharing
Then you throw in the Trump bump and its gonna be a great payout!
#5
Line Holder
Joined APC: Sep 2015
Posts: 94
The wrong number is being used here. Its not Operating Income but Adjusted Operating Income which was only down -9.7% vs the -61.6% you were referencing. See the slide at:
https://g4connect.allegiantair.com/profit-sharing
Then you throw in the Trump bump and its gonna be a great payout!
https://g4connect.allegiantair.com/profit-sharing
Then you throw in the Trump bump and its gonna be a great payout!
As for the Trump bump... My breath is held.
#6
Line Holder
Joined APC: Jan 2016
Posts: 84
I stand corrected. It does appear to be AOI.... So we’re looking at a total Q3/Q4 AOI of 104.4 million. Compare this to 158.1 million where we earned 6.4% in Q1/Q2, should give us about 4.2%, maybe a little less to account for an increased number of team members.
As for the Trump bump... My breath is held.
As for the Trump bump... My breath is held.
#9
Line Holder
Joined APC: Jan 2016
Posts: 84
#10
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