Oil prices and profit sharing
12-17-2018, 01:52 PM
#61
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Originally Posted by Denny Crane
Riddle me this. Our PS didn’t change when theirs was reduced. How can ours be changed when theirs is increased? I understand that they will make more money but isn’t that taken into consideration as a business expense prior to money being put into the PS pool?
Denny
Denny
12-17-2018, 01:58 PM
#62
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Originally Posted by TED74
Ours is unaffected. The company may have less cash on hand to give shareholders and themselves, but pilot PS us unaffected by non-pilot PS.
Denny
12-17-2018, 02:23 PM
#63
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Originally Posted by Denny Crane
Riddle me this. Our PS didn’t change when theirs was reduced. How can ours be changed when theirs is increased? I understand that they will make more money but isn’t that taken into consideration as a business expense prior to money being put into the PS pool?
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
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
12-17-2018, 02:40 PM
#64
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Originally Posted by Denny Crane
Riddle me this. Our PS didn’t change when theirs was reduced. How can ours be changed when theirs is increased? I understand that they will make more money but isn’t that taken into consideration as a business expense prior to money being put into the PS pool?
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
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
12-17-2018, 02:51 PM
#65
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Originally Posted by Crown
I crunched the numbers after the Q3 results. It's just shy of 200M ahead of last year. 803M was in the coffers last year vs. 978M or so this year. Take it for what you will.
And who cares? We’ll all get a five-figure check. Stop trying to sharpshoot something several months out. It won’t matter at all if it’s 12.5% or 13.7%
12-17-2018, 03:23 PM
#66
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Originally Posted by OOfff
Non-pilot PS formula changed in q4 2017. You can’t directly compare those numbers.
And who cares? We’ll all get a five-figure check. Stop trying to sharpshoot something several months out. It won’t matter at all if it’s 12.5% or 13.7%
And who cares? We’ll all get a five-figure check. Stop trying to sharpshoot something several months out. It won’t matter at all if it’s 12.5% or 13.7%
12-17-2018, 03:52 PM
#67
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Originally Posted by Crown
I crunched the numbers after the Q3 results. It's just shy of 200M ahead of last year. 803M was in the coffers last year vs. 978M or so this year. Take it for what you will.
With a 4th quarter that will probably beat last year, it will be interesting to see what percentage we get.
Denny
12-17-2018, 04:01 PM
#68
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One truth, the profit sharing program was bought and paid for by the pilots. Management has tried to reduce the program, we stopped that effort. If we had given in, nobody at delta would be receiving a check in February.
12-17-2018, 06:11 PM
#69
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Originally Posted by Denny Crane
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
Because 50% of it will go to the A350 Captains leaving the other 50% to the rest of the 13,500 or so Pilots.
Scoop
12-17-2018, 06:50 PM
#70
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Originally Posted by Denny Crane
Riddle me this. Our PS didn’t change when theirs was reduced. How can ours be changed when theirs is increased? I understand that they will make more money but isn’t that taken into consideration as a business expense prior to money being put into the PS pool?
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
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
So basically it's like this (these numbers are just an example):
Total pot (this is the reported number) = pilot's PS + all other employee's PS
2017:
Pilots' PS = 100 million
Other emp = 50 million
Total pot = 150 million
After 2017 the non pilot employees' PS formula changed, requiring the company to set aside more money. In this example we'll say that Delta's pre-tax profit is identical year to year.
2018:
Pilots' PS = 100 million
Other emp = 100 million
Total pot = 200 million
The pot got bigger, but pilots' total amount remained the same. The percentage of your salary could change year to year though based on how many total pilots we have and based on their total compensation.
Did that help?
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