jaxsurf

I’m a new voter and I wouldn’t entertain a reduction to profit sharing for one second.

And I’d fight like hell to recall the rep who proposes the idea.

Buck Rogers

Mostly agree. But if the new pilots think the old heads are "Boomers" with an attitude of "this isnt my first rodeo" and fail to listen and weigh what others have learned, it can be a slippery slope.

Not trying to start any arguments but I have seen both sides of this on full display here. I feel most pilots are more fact based and less emotion based which should serve in good stead as far as... NEVER MONITIZE PROFIT SHARING AGAIN!

TED74

FWIW, every black polo shirt pilot that talked to me about monetizing profit sharing last time around was way over the hill. May or may not have been boomers...

sailingfun

The reduction in profit sharing that was monetized in the 2012 contract was about 1.9% in return for an additional 2% in pay rates. Those rates became the cornerstone of almost every contract at the major airlines moving forward and that 2% has compounded with subsequent raises to about 3%. I guess the question becomes would we have the exact same rates today or would they be 3% lower had we not monetized that money. The one thing I do know for sure is I got paid that 3% last year and profit sharing was zero. I suspect our current rates would in fact be lower had we not done that as raising rates across the industry is always a stepping stone approach across the major airlines. Our 2012 contract broke open a long term stagnation airline managements managed to hold onto far longer than they should have been able to maintain.

phoenixc130

I just looked at the simulator schedule for my fleet. It seems like there are more open slots than I expected to see. We need to start cranking UNA/requal pilots through before there’s a thread title summer meltdown! Is the company short on sim instructors?

GucciBoy

That’s a lot of words to say that you don’t think hourly rates will be industry standard with or without P.S. There’s no way we accept lower-than-standard pay rates in section 6, so why bolster them with a P.S. trade?

OOfff

***this ****

jaxsurf

So you think that we’ll be unprofitable more often than we’ll be profitable?

And profit sharing payouts increase with profitability, whereas pay rates remain static no matter how much more money the company makes.

I know which one I’d rather have (because I think over time we’ll be profitable far more than unprofitable).

ebl14

Why would you suspect our rates would be lower? Would Delta pilots accept lower than average legacy rates? The answer is no. That profit sharing give was a loss that will be felt forever.

Trip7

This exactly.

Debt paydown is a balance sheet and cashflow statement exercise. It does not affect GAAP income or PTIX negatively.

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