gloopy

We did pay for it of course. And the company has freely chosen to #metoo it to everyone else for free. Good for them.

Its funny watching how completely emotional PS has gotten though. Almost a gambler's high as we feel foundationally entitled to progressively eye watering increases on increases beyond anyone's wildest dreams. Probably because the PS we've seen...has been beyond anyone's wildest dreams, especially the company. We let them claw a small amount back in 2012 but that's been it. I think they now accept it as a, if not the, third rail of negotiating politics.

While it was negotiated and therefore paid for, I don't think anyone (especially the company) can credibly claim they ever sincerely thought it would pay these levels. Not just the magical percentage, which some seem to think is a numbert on an exponential, stratospherical, ballistic, permanant increase regardless of what its multiplying LOL!

Literally no one on any side of this ever thought it would be this high. When it was negotiated a year or two of "[one] billion dollar profits" was considered mind blowing and rare. No one, and I mean no one, seriously predicted these levels and for this long.

We got lucky, and I'm glad we did. We're entitled to it because we negotiated it. But its just a function of math and we're still in a highly cyclycal and vulnerable industry. I don't care what it is until Feb 14th and as long as we're paid what we're due, it is what it is and I don't even watch it.

notEnuf

I watch it like a hawk because you know they want to minimize it if they can. Accounting tricks and separation of benefits this year is new.

TED74

I'm eager to see what United's Section 6 produces. I'm guessing their management won't come close to bringing their PS in line with hours. So to come up to industry standard compensation, they'll need to boost hourly significantly (and probably make PS pensionable).

Of course then we'll keep our PS and match their new hourly, right???

Spicy McHaggis

FWIW UAL profit sharing set up is very similar to yours*. UAL just doesn’t make the profit DAL does.

UAL doesn’t get the 16% b fund contribution from profit sharing. That’s a huge loss.

gloopy

I agree with that. Same for RR and even insurance claims, etc. We often have to claw for every penny we're due, and I'm all in favor of that. I was just referring to the emotional hype of what the percentage will be and the perception that the percentage should always magically increase when mathmatically it obviously can't.

sailingfun

The UAL profit sharing is substantially different than ours. It is based on % of profits rather than dollar amount of profits. If you UAL doubles their revenue with the same profit margin their actual profit would double. Their profit sharing would remain the exact same amount.
If revenue doubles at Delta with the same profit margin our profit sharing also doubles!

Delta2heavy

But they have dreamliners

saturn

And they also announced 4 new 777-300ERs to be delivered this year and next

gloopy

So do "we"...