Airline Pilot Central Forums - Oil prices and profit sharing

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Quote:

Originally Posted by Piklepausepull (Post 2740152)

I believe that the amount placed in the pool is determined by the amount they (think) will pay out rather than a flat percentage of the gross profit!:confused:

PWA 3.I says it’s a percentage of PTIX. Not sure how the non-con pool is determined.

Everyone will get the same percentage of their own earnings this year because we all have the same plan again now. The pilot portion of the pool is roughly 40% of payroll but roughly 20% of the employees. Our salaries are greater so our dollars are greater, the % is fixed now that we are all back on the original plan.

Quote:

Originally Posted by OOfff (Post 2740147)

If the pools are determined by x% of PTIX, there’s no guarantee that pool A (pilots) distributed over our weighted salaries matches pool B’s distribution over a different group of weighted salaries. Pool size is fixed, not salary percentage.

There is only one pool now since they brought the non contract employees back to a single shared plan in Q4 2017. The pool for everyone is 10% of PTIX up to $2.5B and 20% of PTIX above $2.5B.

Each employees individual basis is calculated by the percentage of their eligible wages divided by the total eligible wages for all participants. From the PWA:

Quote:

Originally Posted by PWA

Individual employee’s annual compensation in the year in which
the PTIX was earned as a percentage of total annual compensation
for that year for all employees eligible for (a) the Delta Air Lines,
Inc. Annual Profit Sharing Plan, or (b) the Delta Air Lines, Inc.
Annual Profit Sharing Plan for Ground and Flight Attendant
Employees.

This language has not been updated to show the other groups on the same plan but that would have no effect on its application. The math simplifies to say that your PS is equal to your wages time the ratio of the PS pool divided by the total wages of all employees. That ratio is the PS % that is published by the company and it will be the same for everyone this year. PS was also the same for all employees in the years before they split the non-cons to a different profit pool.

Quote:

Originally Posted by OOfff (Post 2740147)

There is only one pool. We will all get the same.

It appears the “big wig” who said PS of high teens was off by just a “little bit”

Quote:

Originally Posted by boog123 (Post 2741482)

It appears the “big wig” who said PS of high teens was off by just a “little bit”

Was that person off high or low by a “little bit?”

GP

Quote:

Originally Posted by boog123 (Post 2741482)

It appears the “big wig” who said PS of high teens was off by just a “little bit”

I don’t recall any big wig saying this. The company has been projecting lower profits for 2018 verses 2017 since at least last June. How anyone could believe lower profits equals higher profit sharing eludes me.

Quote:

Originally Posted by sailingfun (Post 2741500)

A guy has been floating a rumor for months based on what a management guy said in “in command class”.

Out of Ed’s mouth this week was “14% roughly..could be 13.9 or 14.1 but around 14%”. That was the direct quote. Makes sense with our quarterly numbers.

Quote:

Originally Posted by Scooter432 (Post 2741587)

14% matches up nicely with the reduction in profit for 2018. A increase above the 15.1 for 2017 was not going to happen unless we have had the greatest 4th quarter in airline history.

Quote:

Originally Posted by sailingfun (Post 2741618)

14% matches up nicely with the reduction in profit for 2018. A increase above the 15.1 for 2017 was not going to happen unless we have had the greatest 4th quarter in airline history.

Having not seen the Q4 numbers but read between the line from the investor update and the dollars set aside. 13.5 to 13.8 is my revised guess. My previous 13.4 was due to pessimism about fare hikes during fuel declines. 13.7 would be my "betting" number.