...if they give us the same amount as the less compensated employees, which I doubt will happen. Sure this won't be DAL/UAL type money, but I certainly think it'll be more than 4200 bucks.

 

You DO realize the profit sharing will be based on W-2, not per capita.

RIGHT?

 

Don't tell us what you believe. Show us the details in writing.

 

I think most west guys would tell you that Parker will only do the absolute minimum and the devil is in the details. Like our hotel situation.

 

The Q & A to Envoy employees indicates (at least for them), it's based on individual earnings, so one would assume the same would apply here.

I'm not going to complain about more money per se, but clearly this is a low-ball solution in the hope of rallying the troops to produce a Delta product for 25 cents on the dollar. Considering the plethora of other areas we are grossly substandard to Delta, I'm not impressed.

To truly solve the culture situation here, Parker needs to walk the walk and not apply inexpensive band-aid's in the hope of continuing to kick-the-can. No one here sees a dime anyway until a year from now and contractually, it will be section 6 before he can supposedly deliver on the "highest pay rates". This is NOT a true U-turn in culture change, if you ask me. YMMV.

 

I guess we will see when the details come out. I'll take it, definitely a step in the right direction but it's still a low ball deal. Delta is 15+% and UAL is 10+%. And based of AA stance on non-reving "all employees are equal" anything is possible.

 

Deliberately dragging their feet on what we DO have in agreement continues the wrong message. Deterioration in layover hotels, poor trip pairings, etc. also speaks volumes.

The problem is pervasive.

 

This is what was put out at Envoy explaining how it will work. I imagine you guys will have the same.




AAG Profit Sharing Q&A
March 23rd, 2016
What is the AAG Profit Sharing program?

AAG is establishing a new profit sharing program for employees of AAG companies – including its wholly owned regional carriers. AAG will set aside five percent of every pre-tax dollar earned each year into a profit sharing pool, and that pool will be shared among all participants (excluding management levels 5 and above). Unlike our past profit sharing programs where payouts were based on Envoy financial results, this program will pay out based on AAG’s annual performance.

Is Envoy included in the AAG Profit Sharing Program?

Yes. Our participation in this program demonstrates the value our team brings to AAG and ensures that our people share in the company’s success. American recently communicated that it would be placing an additional five aircraft at Envoy, and we are actively hiring to support this growth. We currently project that we will hire up to 300 Pilots and 400 Flight Attendants this year, as well as mechanics and other ground employees.

Who at Envoy is eligible to receive AAG Profit Sharing?

This new program applies to U.S.-based Envoy and Eagle Aviation Services, Inc. (EASI) employees, as well as international Envoy and Executive Airlines employees, except where prohibited by law. (EGS employees are not eligible to participate in the program.) Employees who are Level 5 and above, who participate in other at-risk compensation programs, will not be included.

Does this program apply to represented employees and groups that do not yet have a contract in place?

Yes. Represented employees will participate in this program provided their unions agree, including Envoy agents, who have voted for union representation but do not yet have a contract in place.

When does the AAG Profit Sharing program begin?

The Profit Sharing program will be effective with 2016 earnings, so it is retroactive to January 2016 financial performance.

Will the payout be uniform among all the people in the pool or will it vary by wage?

It will be a percentage of your salary. The plan calls for 5% of pre-tax earnings (before profit sharing is taken out) to be shared among all eligible participants. The methodology for calculating an individual employee’s distribution will be computed by taking profit sharing as a percentage of all eligible salaries and applying that percentage to an individual employee’s eligible earnings.

Profit sharing calls for 5% of AAG’s pre-tax earnings to be shared among all employees; what determines my specific payout?

AAG will put 5 percent of pre-tax earnings into the pool and then take that dollar figure and divide it by the total eligible earnings of the eligible population. That will determine the payout percentage. If you multiply that payout percentage by your eligible earnings you will get your payout.

What kind of pay is included in the calculation? Is it all pay or just base pay?

Most types of pay are included, including base pay and overtime. Incentive payments, like Performance Bonus Plan payouts, are not included. Further details will be available once the plan document is finalized.

When will the first payout be?

March 2017, provided that AAG has pre-tax earnings in 2016.

Do I have to be employed in 2017 at the time of the payment to receive it? What if I get terminated before the payment date? What if I resign midway through the year? What if I am on LOA during the year or when the profit sharing is supposed to be paid?

Generally, you must be employed on the date of payout to receive it. Employees who retire, or end employment because of disability or death, are also eligible. We will have more details soon.

Is there a minimum threshold before the company starts paying into the profit pool?

No. It begins with the first dollar of profit.

Can I put profit sharing in my 401(k) plan?

Employees will be able to elect to contribute all or any portion of the profit sharing payments to their 401(k) accounts. If employees elect to contribute the profit sharing payments to their 401(k) accounts, then they will receive the same employer contributions on those amounts that employees normally receive in their 401(k) plan. The 401(k) plans will spell out the details regarding making and receiving these contributions and we’ll provide more information once the profit sharing program is finalized.

 

Now someone explain that in pilot math...


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After the accountants are done, there won't be that much profit to share.
We will get something but not as much as many are hoping we get.

Bigger question,
What did this "profit sharing" really cost us?
Dougie ain't in the biz of just giving things away.