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Quote:

Originally Posted by 206321 (Post 2912717)

Back to the subject of earnings and profits.

Thus far, for the first 3 quarters Delta has totaled $1.2 billion into their profit sharing plan.

American? $139 million for the first 3 quarters. That's just 11% of what Delta is giving their employees.

Delta has a motivated work force. American does not. I wonder why?

How did United, Delta and Southwest end up with their PS? Honest question, I've only kept up with major carriers contract cycles since Delta's 2012 agreement.

Quote:

Originally Posted by Name User (Post 2914422)

Yeah I just threw in extra bridge space for fun. Going by the previous design it looks like it wouldn't even be needed. My hand drawing was off but it was supposed to mimic the other side (A?) where all the other airlines park.

I didn't even notice that you had drawn those!

Quote:

Originally Posted by Happyflyer (Post 2914496)

How did United, Delta and Southwest end up with their PS? Honest question, I've only kept up with major carriers contract cycles since Delta's 2012 agreement.

NW 2004 bridge contract, PS based on pretax margin above 1% for the years 2004-2006.

Delta started PS during their 2004 Interim contract, known as LOA#46

NWA 2006: profit sharting was 10% for all profits up to 1-% pretax margin, and 15% for all profits above 10% margin

Delta bankrucpy restructuring in 2006 LOA#51: PS increased to 15% payout at first dollar of pretax income and 20% payout on pretax income over $1.5B

Delta 2008 JCBA: PS PTIX level to trigger 20% was increased from $1.5 B to $2.5B

Delta C2012: Profit sharing reduced to 10% payout of pretax income up to $2.5B to offset the first year pay raise.