Dal profit up 60%
10-17-2023 | 02:06 PM
#61
Line Holder
Joined: Jul 2015
Posts: 1,588
Likes: 4
From: MD-88 FO
i know that what is written but i don’t believe that is what we actually get. There’s one pool of money for all eligible employees. It is divided by the total payroll for those same employees for the profit sharing percentage.
10-17-2023 | 03:13 PM
#62
Line Holder
Joined: Oct 2014
Posts: 1,015
Likes: 13
“… as a percentage of total annual compensation for that year for all employees eligible for (a) the Delta Air Lines, Inc. Annual Profit Sharing Plan, or (b) the Delta Air Lines, Inc. Annual Profit Sharing Plan for Ground and Flight Attendant Employees.”
Our PWA sets the pool size. We get a proportion of that pool based on our wages compared to all other groups wages. The entire PWA pool is not given to the pilots. When the non-cons have the same calculation, the get the same %, and the rest of “our” pool.
10-17-2023 | 03:29 PM
#63
Line Holder
Joined: May 2022
Posts: 229
Likes: 12
They absolutely are a variable, read the “Basis of Individual Award.”
“… as a percentage of total annual compensation for that year for all employees eligible for (a) the Delta Air Lines, Inc. Annual Profit Sharing Plan, or (b) the Delta Air Lines, Inc. Annual Profit Sharing Plan for Ground and Flight Attendant Employees.”
Our PWA sets the pool size. We get a proportion of that pool based on our wages compared to all other groups wages. The entire PWA pool is not given to the pilots. When the non-cons have the same calculation, the get the same %, and the rest of “our” pool.
“… as a percentage of total annual compensation for that year for all employees eligible for (a) the Delta Air Lines, Inc. Annual Profit Sharing Plan, or (b) the Delta Air Lines, Inc. Annual Profit Sharing Plan for Ground and Flight Attendant Employees.”
Our PWA sets the pool size. We get a proportion of that pool based on our wages compared to all other groups wages. The entire PWA pool is not given to the pilots. When the non-cons have the same calculation, the get the same %, and the rest of “our” pool.
At any rate, my guess is that we are looking at 11% +/- 1%. 13% might be in the cards if Q4 is an un-forecasted blowout far exceeding current guidance, but I’m not holding my breath. Hoping to be wrong.
10-17-2023 | 03:30 PM
#64
Can’t find crew pickup
Joined: Jun 2021
Posts: 3,039
Likes: 189
They absolutely are a variable, read the “Basis of Individual Award.”
“… as a percentage of total annual compensation for that year for all employees eligible for (a) the Delta Air Lines, Inc. Annual Profit Sharing Plan, or (b) the Delta Air Lines, Inc. Annual Profit Sharing Plan for Ground and Flight Attendant Employees.”
Our PWA sets the pool size. We get a proportion of that pool based on our wages compared to all other groups wages. The entire PWA pool is not given to the pilots. When the non-cons have the same calculation, the get the same %, and the rest of “our” pool.
“… as a percentage of total annual compensation for that year for all employees eligible for (a) the Delta Air Lines, Inc. Annual Profit Sharing Plan, or (b) the Delta Air Lines, Inc. Annual Profit Sharing Plan for Ground and Flight Attendant Employees.”
Our PWA sets the pool size. We get a proportion of that pool based on our wages compared to all other groups wages. The entire PWA pool is not given to the pilots. When the non-cons have the same calculation, the get the same %, and the rest of “our” pool.
10-17-2023 | 03:50 PM
#65
Line Holder
Joined: Oct 2014
Posts: 1,015
Likes: 13
The pilots have never received the entire pool defined in the PWA, because the PWA language specifically only distributes a portion of the defined pool to the pilots. What happens to the rest of the pool is up to the company and whatever “agreement” they make with the non represented employees.
10-26-2023 | 06:18 AM
#66
Gets Weekends Off
Joined: Jul 2008
Posts: 5,575
Likes: 316
The language used to not make sense. They fixed it in 2016 contract. ALPA said they changed the language because either way company wasn’t going to give us whole ps. I remember reading the language and thinking we were entitled more than we were getting, but ALPA disagreed and matched the language to how the company had been distributing it.
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