Oil prices and profit sharing
12-17-2018 | 07:42 AM
#51
Gets Weekends Off
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From: Kickin’ Back
Ok, thought I’d resurrect this thread from the dead (page two).
. This question is directed at those predicting a smaller PS percentage than last year.
I just read a post on CC by one of our Reps that said the amount put aside in the PS pool thru 3 quarters is $175 million more than it was last year. If this is the case and with quarter four looking really good because of lower fuel costs, why should we not have a PS percentage at least similar to last year if not more?
Denny
. This question is directed at those predicting a smaller PS percentage than last year. I just read a post on CC by one of our Reps that said the amount put aside in the PS pool thru 3 quarters is $175 million more than it was last year. If this is the case and with quarter four looking really good because of lower fuel costs, why should we not have a PS percentage at least similar to last year if not more?
Denny
12-17-2018 | 08:16 AM
#52
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Ok, thought I’d resurrect this thread from the dead (page two).. This question is directed at those predicting a smaller PS percentage than last year.
I just read a post on CC by one of our Reps that said the amount put aside in the PS pool thru 3 quarters is $175 million more than it was last year. If this is the case and with quarter four looking really good because of lower fuel costs, why should we not have a PS percentage at least similar to last year if not more?
Denny
. This question is directed at those predicting a smaller PS percentage than last year. I just read a post on CC by one of our Reps that said the amount put aside in the PS pool thru 3 quarters is $175 million more than it was last year. If this is the case and with quarter four looking really good because of lower fuel costs, why should we not have a PS percentage at least similar to last year if not more?
Denny
12-17-2018 | 09:37 AM
#54
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Ok, thought I’d resurrect this thread from the dead (page two).. This question is directed at those predicting a smaller PS percentage than last year.
I just read a post on CC by one of our Reps that said the amount put aside in the PS pool thru 3 quarters is $175 million more than it was last year. If this is the case and with quarter four looking really good because of lower fuel costs, why should we not have a PS percentage at least similar to last year if not more?
Denny
. This question is directed at those predicting a smaller PS percentage than last year. I just read a post on CC by one of our Reps that said the amount put aside in the PS pool thru 3 quarters is $175 million more than it was last year. If this is the case and with quarter four looking really good because of lower fuel costs, why should we not have a PS percentage at least similar to last year if not more?
Denny
12-17-2018 | 09:41 AM
#55
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It’s a dollar amount based on pre tax profits. The first 2.5 billion in profits we get 10%. After 2.5 billion we get 20%. The percentage is determined after the dollar amount is known. As we hire more pilots and wages have risen the percentage has dropped but the amount has been pretty consistent the last 5 years. This year will be the lowest percentage in 4 years or so.
12-17-2018 | 10:47 AM
#56
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It’s a dollar amount based on pre tax profits. The first 2.5 billion in profits we get 10%. After 2.5 billion we get 20%. The percentage is determined after the dollar amount is known. As we hire more pilots and wages have risen the percentage has dropped but the amount has been pretty consistent the last 5 years. This year will be the lowest percentage in 4 years or so.
Profit Sharing / Pilot Payroll = PS %
The denominator continues to climb, exceeding the rate of growth of the numerator.
Even though the amount of profit sharing is going up, wage growth has been tremendous.
12-17-2018 | 12:56 PM
#59
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From: N60.4858 W149.9327
The only reason the math is so difficult is because they have never made the formula for individual percentage public. The pool is easy but then it’s divide by total payroll for non MIP employees. Solving for y is easy given the numerical value of the other variables. Without it, it’s reading tea leaves. My number stands pat at 13.4%. Locking it in now.
12-17-2018 | 01:49 PM
#60
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From: Kickin’ Back
And it looks like they have.......at least according to a rep. I don’t know the actual numbers put aside between this year and last year thru the 3 quarters.
Denny
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