Oil prices and profit sharing
01-10-2019, 05:31 AM
#111
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Joined APC: Sep 2016
Posts: 6,716
Originally Posted by Piklepausepull
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!
01-10-2019, 06:07 AM
#112
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Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,034
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.
01-10-2019, 07:13 AM
#113
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Joined APC: Oct 2014
Posts: 891
Originally Posted by OOfff
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.
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:
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.
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.
01-10-2019, 08:34 AM
#114
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Joined APC: Feb 2008
Posts: 19,273
Originally Posted by OOfff
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.
01-12-2019, 04:48 AM
#117
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Posts: 19,273
Originally Posted by boog123
It appears the “big wig” who said PS of high teens was off by just a “little bit”
01-12-2019, 07:23 AM
#118
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Position: Concourse A
Posts: 780
Originally Posted by sailingfun
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.
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.
01-12-2019, 08:10 AM
#119
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Originally Posted by Scooter432
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.
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.
01-12-2019, 08:24 AM
#120
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Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,034
Originally Posted by sailingfun
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.
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