Airline Pilot Central Forums

Airline Pilot Central Forums (https://www.airlinepilotforums.com/)
-   Delta (https://www.airlinepilotforums.com/delta/)
-   -   Oil prices and profit sharing (https://www.airlinepilotforums.com/delta/118037-oil-prices-profit-sharing.html)

tunes 12-05-2018 04:13 PM


Originally Posted by Sniper66 (Post 2719479)
My guess
16%

Also what my guess is

sailingfun 12-05-2018 04:25 PM


Originally Posted by Crown (Post 2719562)
they've been putting more into the profit sharing coffers though. As of Q3 results they had nearly 200M more in 2018 than 2017

That’s because they owe the non contract employees more.

gzsg 12-05-2018 04:26 PM

Q4 will be at the high end of expectations.

Jet fuel was $2.25 in October. Now $1.73.

Each penny $50 million in additional annual profits.

That is $2.6 Billion. Hopefully the frackers keep at it to fill any cut by what’s left of OPEC and Russia.

notEnuf 12-05-2018 04:31 PM

13.25%

I’m hoping Q4 comes back above the guidance though. That could push it to 14%.

tunes 12-05-2018 05:10 PM


Originally Posted by sailingfun (Post 2719601)
That’s because they owe the non contract employees more.

That’s not how it works.

m3113n1a1 12-05-2018 05:16 PM


Originally Posted by tunes (Post 2719620)
That’s not how it works.

Yes it is. Our amount isn't affected, but the total pot compared to last year (reported in Delta's earnings statements) is bigger because of the non-cons raise.

tunes 12-05-2018 05:19 PM


Originally Posted by m3113n1a1 (Post 2719625)
Yes it is. Our amount isn't affected, but the total pot compared to last year (reported in Delta's earnings statements) is bigger because of the non-cons raise.

What changed is the percentage of their pot they get.

m3113n1a1 12-05-2018 05:22 PM


Originally Posted by tunes (Post 2719627)
What changed is the percentage of their pot they get.

Right, but the entire pot (or both pots combined, I suppose) is now bigger. I think that's what sailing was saying. The way Delta reports it is just the total profit sharing pot. Which obviously is bigger this year because the non-cons are getting more.

I can tell you understand though. The main thing is that our profit sharing is unaffected by the non-cons raise.

I'm going with 15.2%

TED74 12-05-2018 06:00 PM

Here's the calculation I'd like to know... for every penny drop in the price of fuel, how much does my profit sharing check go up?

Pilots console themselves with profit sharing..."yeah, our JVs are flying WB flying I wish we had on our metal, but at least I capture some of that revenue via profit sharing." Does anyone know how MUCH profit sharing is actually attributable to such a thing? If any given concession/productivity give/job loss can be priced by negotiators at the table, we (DALPA) should also be able to estimate the amount of profit sharing such gives would be traded for.

My hunch is that we get a pretty small slice of the pie for significant QOL gives. Would you delay an upgrade by 3 months for $39 more profit sharing? Would you cave to a bad AM JV deal for an extra $146?

Total contract value doesn't mean much, even though it's a large number folks like to tout for various reasons. I think it would be more helpful to hear "for every $100k earned per year, pilots will reap $XYZ individually, per year, on average."

LumberJack 12-06-2018 01:24 AM


Originally Posted by TED74 (Post 2719657)
Here's the calculation I'd like to know... for every penny drop in the price of fuel, how much does my profit sharing check go up?

Pilots console themselves with profit sharing..."yeah, our JVs are flying WB flying I wish we had on our metal, but at least I capture some of that revenue via profit sharing." Does anyone know how MUCH profit sharing is actually attributable to such a thing? If any given concession/productivity give/job loss can be priced by negotiators at the table, we (DALPA) should also be able to estimate the amount of profit sharing such gives would be traded for.

My hunch is that we get a pretty small slice of the pie for significant QOL gives. Would you delay an upgrade by 3 months for $39 more profit sharing? Would you cave to a bad AM JV deal for an extra $146?

Total contract value doesn't mean much, even though it's a large number folks like to tout for various reasons. I think it would be more helpful to hear "for every $100k earned per year, pilots will reap $XYZ individually, per year, on average."

I would like to know this as well. Very good points.


All times are GMT -8. The time now is 02:42 AM.


User Alert System provided by Advanced User Tagging v3.3.0 (Lite) - vBulletin Mods & Addons Copyright © 2024 DragonByte Technologies Ltd.
Website Copyright ©2000 - 2017 MH Sub I, LLC dba Internet Brands