Oil prices and profit sharing
12-05-2018, 04:25 PM
#22
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Joined APC: Feb 2008
Posts: 19,273
Originally Posted by Crown
they've been putting more into the profit sharing coffers though. As of Q3 results they had nearly 200M more in 2018 than 2017
12-05-2018, 04:26 PM
#23
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Joined APC: Oct 2009
Posts: 3,108
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.
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.
12-05-2018, 05:19 PM
#27
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Joined APC: Nov 2011
Posts: 4,504
Originally Posted by m3113n1a1
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.
12-05-2018, 05:22 PM
#28
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Joined APC: Apr 2018
Posts: 2,987
Originally Posted by tunes
What changed is the percentage of their pot they get.
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%
12-05-2018, 06:00 PM
#29
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Joined APC: Sep 2014
Posts: 4,909
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."
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."
12-06-2018, 01:24 AM
#30
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Joined APC: Nov 2016
Posts: 1,305
Originally Posted by TED74
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."
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."
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