If they do an even split profit sharing, AA will be the only airline that does it that way. All the other airlines do some kind of weighted measurement based on salary and hours worked. Otherwise, you'll get minimum wage, part time workers making as much profit sharing as pilots and middle managers, who work more and arguably contribute more.

I'd expect something similar to what the other airlines use...and I would expect the typical pilot will receive more than $4200. No, not DAL-like $20K payouts, but still a respectable sum considering a month ago, profit sharing earned us $0.

 

But, in the meantime it is hoped APA calls off the dogs and doesn't resort to "phase 2" (an even more strongly worded letter ), the media turns its attention elsewhere and a few more pilots hack more strenuous missions. Plus, considering the ominous expectations of PBS (if it's anything like TTS), they will need a distant carrot dangling in front of us just out of reach.

I will gladly pay you Tuesday for a hamburger today.

 

Just to keep it accurate.... non overtime 12 yr FO had
$39K in 2015 profit sharing at DAL

 

Yup and for peanuts, Parker just blunted any further claims of "Parker the bad guy" by APA who will look like idiots for continuing to focus any further spotlight on AA's internal cultural issues. IMO, this is nothing about culture change, but more about "strategy" just as one media source termed it. The strategy isn't against AA's competitors, but instead against its employees, especially the noisy, but essentially impotent APA.

 

The end result for our PS at Delta was 21.4% of our flight pay, flight advance and training pay (if a new hire). 2015 was mostly on first year pay for me and my gross PS check was just over $14k. I just flew with a senior 737 APD instructor whose gross PS check was $81k.

For the record, since our PS is variable based on the profit for the year, 2016's PS is forecast to be around 30%. Perhaps the best thing about our PS is that Delta also contributes our standard 15% match to our 401ks on top of it.


Sent from my iPad using Tapatalk

 

Guys,

Lots of misleading and incomplete information in this thread.

The PS formulas are a percentage on pre-tax income (PTIX). Exactly how PTIX is calculated is important - think of it as the "fine-print."

So AMR just announced 5% of PTIX into a PS pool. No details yet on now that will be distributed - my guess is a formula based on earing's which is as close to an industry standard as we have.

DAL contributes 10% of income up to 2.5 Billion and 20% of income for all profit above 2.5 Billion PTIX. For the past two years this has resulted in approximately 16% and 22% respectively of each employees qualified earnings.

UAL has a similar system but I believe it is based on profit margins vice a flat PTIX number like DAL but both pay similarly with similar profits.

As mentioned another important fact is if your PS generates a 401 contribution. At DAL if you make $40,000 in PS you also will also receive an additional 15% of that as a 401K contribution. I am not sure if UAL or AMRs PS have this provision or not.

So when people are saying that AMR is getting 5% and DAL is getting 22% they are comparing apples to oranges.

In any case this is great news. Hopefully DALPA can leverage this into a zero or much smaller PS capitulation during our current negotiations. It also raises the bar for all legacies, and hopefully AMR can increase the PS amount in the future to closer match the DAL and UAL plans.

Scoop

 

I believe it is 20% ABOVE 2.5 BILLION.

 

I believe it's a comparison of dimes to dollars. Even with a few more dimes, does this REALLY change the perception of Parker and his "team" which is the fundamental problem ?

I think Parker just gave up a little more money, but ultimately it won't have much of an impact in turning AA into something that competes with Delta product and experience wise, let alone the premium foreign carriers and I think that will be frustratingly evident over time. IMO, most employees here be they LAA or especially LUS have simply been screwed over too much and for too long for a superficial Band-Aid (applied a year from now) like this to have much impact. It isn't walking the walk, but kicking the can. Just my .02..........

 

Yep, you are right. I edited my previous post.

Thanks Scoop

 

I can't believe people are actually *****ing about this....

A couple days ago, the profit sharing was zero. Now it is a larger number.

If you hate 5% so much, cash your checks and western union them to me!