Profit Sharing Fantasy
12-18-2023, 06:20 AM
#1
Gets Weekends Off
Thread Starter
Joined APC: Nov 2018
Posts: 305
Profit Sharing Fantasy
Many of you may have read the ATL November base newsletter. In it, once again, is the typical disingenuous management article about Delta Air Lines employee profit sharing. This type of article seems to appear at regular intervals during the runup to the profit-sharing payout in February. The gist of the article is that Delta expects you to do a lot of extra things while “technically” not being paid for them. But it’s ok, because “Delta says thank you by paying out profit sharing that no other airline can rival”. Translation…Delta pays you this profit sharing check out of the goodness their hearts. The writer of this article has been on the seniority list for 32 years…so he should know better.
Let’s remind our uninformed and/or “koolaid” drinking members that the Delta Air Line Pilot’s Association, our Union, negotiated the profit-sharing payout in 2004 under LOA #46 (2004) [refer to Delta Pilot’s Contract History document]. This was the agreement where our pensions were terminated/frozen, and we received the first of two large pay cuts. The first pay cut was a 32.5% paycut. LOA #46 was pushed through with the management telling us, “These pay and benefit cuts are necessary to avoid bankruptcy”. So, the Union approved the agreement. Ten months later Delta filed for bankruptcy 9/14/05, the same day as NWA filed for bankruptcy…coincidence hmm? The Delta bankruptcy led to and LOA #50 (2005) and LOA #51 (2006) and the dumping/termination of our pilot pension to the governments PBGC. The second pay cut was for an additional 14% pay cut. FOR ALL OF THESE concessions the PILOT’S UNION negotiated profit sharing at 15% pre-tax payout, 20% on pre-tax income over $1.5B. Delta and NWA announced the merger 4/14/2008.
Delta management has since tried and successfully reduced the profit-sharing payout a few times. The first reduction came in 2008. Profit sharing reduced to a 10% payout of pre-tax income up to 2.5%, and the 20% payout trigger raised from $1.5B to $2.5B.
Every year around profit sharing time there is a propaganda campaign where management takes full credit for the development of, and payout of the profit-sharing payout. It’s a flat out lie. The profit-sharing check was brought to you by the Pilot’s UNION and management has tried to reduce the payout several times (out of the goodness of their hearts).
Let’s remind our uninformed and/or “koolaid” drinking members that the Delta Air Line Pilot’s Association, our Union, negotiated the profit-sharing payout in 2004 under LOA #46 (2004) [refer to Delta Pilot’s Contract History document]. This was the agreement where our pensions were terminated/frozen, and we received the first of two large pay cuts. The first pay cut was a 32.5% paycut. LOA #46 was pushed through with the management telling us, “These pay and benefit cuts are necessary to avoid bankruptcy”. So, the Union approved the agreement. Ten months later Delta filed for bankruptcy 9/14/05, the same day as NWA filed for bankruptcy…coincidence hmm? The Delta bankruptcy led to and LOA #50 (2005) and LOA #51 (2006) and the dumping/termination of our pilot pension to the governments PBGC. The second pay cut was for an additional 14% pay cut. FOR ALL OF THESE concessions the PILOT’S UNION negotiated profit sharing at 15% pre-tax payout, 20% on pre-tax income over $1.5B. Delta and NWA announced the merger 4/14/2008.
Delta management has since tried and successfully reduced the profit-sharing payout a few times. The first reduction came in 2008. Profit sharing reduced to a 10% payout of pre-tax income up to 2.5%, and the 20% payout trigger raised from $1.5B to $2.5B.
Every year around profit sharing time there is a propaganda campaign where management takes full credit for the development of, and payout of the profit-sharing payout. It’s a flat out lie. The profit-sharing check was brought to you by the Pilot’s UNION and management has tried to reduce the payout several times (out of the goodness of their hearts).
12-18-2023, 06:21 AM
#2
Banned
Joined APC: Aug 2020
Posts: 669
Originally Posted by AirbusPTC
Many of you may have read the ATL November base newsletter. In it, once again, is the typical disingenuous management article about Delta Air Lines employee profit sharing. This type of article seems to appear at regular intervals during the runup to the profit-sharing payout in February. The gist of the article is that Delta expects you to do a lot of extra things while “technically” not being paid for them. But it’s ok, because “Delta says thank you by paying out profit sharing that no other airline can rival”. Translation…Delta pays you this profit sharing check out of the goodness their hearts. The writer of this article has been on the seniority list for 32 years…so he should know better.
Let’s remind our uninformed and/or “koolaid” drinking members that the Delta Air Line Pilot’s Association, our Union, negotiated the profit-sharing payout in 2004 under LOA #46 (2004) [refer to Delta Pilot’s Contract History document]. This was the agreement where our pensions were terminated/frozen, and we received the first of two large pay cuts. The first pay cut was a 32.5% paycut. LOA #46 was pushed through with the management telling us, “These pay and benefit cuts are necessary to avoid bankruptcy”. So, the Union approved the agreement. Ten months later Delta filed for bankruptcy 9/14/05, the same day as NWA filed for bankruptcy…coincidence hmm? The Delta bankruptcy led to and LOA #50 (2005) and LOA #51 (2006) and the dumping/termination of our pilot pension to the governments PBGC. The second pay cut was for an additional 14% pay cut. FOR ALL OF THESE concessions the PILOT’S UNION negotiated profit sharing at 15% pre-tax payout, 20% on pre-tax income over $1.5B. Delta and NWA announced the merger 4/14/2008.
Delta management has since tried and successfully reduced the profit-sharing payout a few times. The first reduction came in 2008. Profit sharing reduced to a 10% payout of pre-tax income up to 2.5%, and the 20% payout trigger raised from $1.5B to $2.5B.
Every year around profit sharing time there is a propaganda campaign where management takes full credit for the development of, and payout of the profit-sharing payout. It’s a flat out lie. The profit-sharing check was brought to you by the Pilot’s UNION and management has tried to reduce the payout several times (out of the goodness of their hearts).
Let’s remind our uninformed and/or “koolaid” drinking members that the Delta Air Line Pilot’s Association, our Union, negotiated the profit-sharing payout in 2004 under LOA #46 (2004) [refer to Delta Pilot’s Contract History document]. This was the agreement where our pensions were terminated/frozen, and we received the first of two large pay cuts. The first pay cut was a 32.5% paycut. LOA #46 was pushed through with the management telling us, “These pay and benefit cuts are necessary to avoid bankruptcy”. So, the Union approved the agreement. Ten months later Delta filed for bankruptcy 9/14/05, the same day as NWA filed for bankruptcy…coincidence hmm? The Delta bankruptcy led to and LOA #50 (2005) and LOA #51 (2006) and the dumping/termination of our pilot pension to the governments PBGC. The second pay cut was for an additional 14% pay cut. FOR ALL OF THESE concessions the PILOT’S UNION negotiated profit sharing at 15% pre-tax payout, 20% on pre-tax income over $1.5B. Delta and NWA announced the merger 4/14/2008.
Delta management has since tried and successfully reduced the profit-sharing payout a few times. The first reduction came in 2008. Profit sharing reduced to a 10% payout of pre-tax income up to 2.5%, and the 20% payout trigger raised from $1.5B to $2.5B.
Every year around profit sharing time there is a propaganda campaign where management takes full credit for the development of, and payout of the profit-sharing payout. It’s a flat out lie. The profit-sharing check was brought to you by the Pilot’s UNION and management has tried to reduce the payout several times (out of the goodness of their hearts).
12-18-2023, 06:47 AM
#4
Gets Weekends Off
Joined APC: Jan 2023
Posts: 1,232
Originally Posted by AirbusPTC
Many of you may have read the ATL November base newsletter. In it, once again, is the typical disingenuous management article about Delta Air Lines employee profit sharing. This type of article seems to appear at regular intervals during the runup to the profit-sharing payout in February. The gist of the article is that Delta expects you to do a lot of extra things while “technically” not being paid for them. But it’s ok, because “Delta says thank you by paying out profit sharing that no other airline can rival”. Translation…Delta pays you this profit sharing check out of the goodness their hearts. The writer of this article has been on the seniority list for 32 years…so he should know better.
Let’s remind our uninformed and/or “koolaid” drinking members that the Delta Air Line Pilot’s Association, our Union, negotiated the profit-sharing payout in 2004 under LOA #46 (2004) [refer to Delta Pilot’s Contract History document]. This was the agreement where our pensions were terminated/frozen, and we received the first of two large pay cuts. The first pay cut was a 32.5% paycut. LOA #46 was pushed through with the management telling us, “These pay and benefit cuts are necessary to avoid bankruptcy”. So, the Union approved the agreement. Ten months later Delta filed for bankruptcy 9/14/05, the same day as NWA filed for bankruptcy…coincidence hmm? The Delta bankruptcy led to and LOA #50 (2005) and LOA #51 (2006) and the dumping/termination of our pilot pension to the governments PBGC. The second pay cut was for an additional 14% pay cut. FOR ALL OF THESE concessions the PILOT’S UNION negotiated profit sharing at 15% pre-tax payout, 20% on pre-tax income over $1.5B. Delta and NWA announced the merger 4/14/2008.
Delta management has since tried and successfully reduced the profit-sharing payout a few times. The first reduction came in 2008. Profit sharing reduced to a 10% payout of pre-tax income up to 2.5%, and the 20% payout trigger raised from $1.5B to $2.5B.
Every year around profit sharing time there is a propaganda campaign where management takes full credit for the development of, and payout of the profit-sharing payout. It’s a flat out lie. The profit-sharing check was brought to you by the Pilot’s UNION and management has tried to reduce the payout several times (out of the goodness of their hearts).
Let’s remind our uninformed and/or “koolaid” drinking members that the Delta Air Line Pilot’s Association, our Union, negotiated the profit-sharing payout in 2004 under LOA #46 (2004) [refer to Delta Pilot’s Contract History document]. This was the agreement where our pensions were terminated/frozen, and we received the first of two large pay cuts. The first pay cut was a 32.5% paycut. LOA #46 was pushed through with the management telling us, “These pay and benefit cuts are necessary to avoid bankruptcy”. So, the Union approved the agreement. Ten months later Delta filed for bankruptcy 9/14/05, the same day as NWA filed for bankruptcy…coincidence hmm? The Delta bankruptcy led to and LOA #50 (2005) and LOA #51 (2006) and the dumping/termination of our pilot pension to the governments PBGC. The second pay cut was for an additional 14% pay cut. FOR ALL OF THESE concessions the PILOT’S UNION negotiated profit sharing at 15% pre-tax payout, 20% on pre-tax income over $1.5B. Delta and NWA announced the merger 4/14/2008.
Delta management has since tried and successfully reduced the profit-sharing payout a few times. The first reduction came in 2008. Profit sharing reduced to a 10% payout of pre-tax income up to 2.5%, and the 20% payout trigger raised from $1.5B to $2.5B.
Every year around profit sharing time there is a propaganda campaign where management takes full credit for the development of, and payout of the profit-sharing payout. It’s a flat out lie. The profit-sharing check was brought to you by the Pilot’s UNION and management has tried to reduce the payout several times (out of the goodness of their hearts).
12-18-2023, 06:48 AM
#5
Gets Weekends Off
Joined APC: Aug 2011
Posts: 167
Originally Posted by AirbusPTC
Many of you may have read the ATL November base newsletter. In it, once again, is the typical disingenuous management article about Delta Air Lines employee profit sharing. This type of article seems to appear at regular intervals during the runup to the profit-sharing payout in February. The gist of the article is that Delta expects you to do a lot of extra things while “technically” not being paid for them. But it’s ok, because “Delta says thank you by paying out profit sharing that no other airline can rival”. Translation…Delta pays you this profit sharing check out of the goodness their hearts. The writer of this article has been on the seniority list for 32 years…so he should know better.
Let’s remind our uninformed and/or “koolaid” drinking members that the Delta Air Line Pilot’s Association, our Union, negotiated the profit-sharing payout in 2004 under LOA #46 (2004) [refer to Delta Pilot’s Contract History document]. This was the agreement where our pensions were terminated/frozen, and we received the first of two large pay cuts. The first pay cut was a 32.5% paycut. LOA #46 was pushed through with the management telling us, “These pay and benefit cuts are necessary to avoid bankruptcy”. So, the Union approved the agreement. Ten months later Delta filed for bankruptcy 9/14/05, the same day as NWA filed for bankruptcy…coincidence hmm? The Delta bankruptcy led to and LOA #50 (2005) and LOA #51 (2006) and the dumping/termination of our pilot pension to the governments PBGC. The second pay cut was for an additional 14% pay cut. FOR ALL OF THESE concessions the PILOT’S UNION negotiated profit sharing at 15% pre-tax payout, 20% on pre-tax income over $1.5B. Delta and NWA announced the merger 4/14/2008.
Delta management has since tried and successfully reduced the profit-sharing payout a few times. The first reduction came in 2008. Profit sharing reduced to a 10% payout of pre-tax income up to 2.5%, and the 20% payout trigger raised from $1.5B to $2.5B.
Every year around profit sharing time there is a propaganda campaign where management takes full credit for the development of, and payout of the profit-sharing payout. It’s a flat out lie. The profit-sharing check was brought to you by the Pilot’s UNION and management has tried to reduce the payout several times (out of the goodness of their hearts).
Let’s remind our uninformed and/or “koolaid” drinking members that the Delta Air Line Pilot’s Association, our Union, negotiated the profit-sharing payout in 2004 under LOA #46 (2004) [refer to Delta Pilot’s Contract History document]. This was the agreement where our pensions were terminated/frozen, and we received the first of two large pay cuts. The first pay cut was a 32.5% paycut. LOA #46 was pushed through with the management telling us, “These pay and benefit cuts are necessary to avoid bankruptcy”. So, the Union approved the agreement. Ten months later Delta filed for bankruptcy 9/14/05, the same day as NWA filed for bankruptcy…coincidence hmm? The Delta bankruptcy led to and LOA #50 (2005) and LOA #51 (2006) and the dumping/termination of our pilot pension to the governments PBGC. The second pay cut was for an additional 14% pay cut. FOR ALL OF THESE concessions the PILOT’S UNION negotiated profit sharing at 15% pre-tax payout, 20% on pre-tax income over $1.5B. Delta and NWA announced the merger 4/14/2008.
Delta management has since tried and successfully reduced the profit-sharing payout a few times. The first reduction came in 2008. Profit sharing reduced to a 10% payout of pre-tax income up to 2.5%, and the 20% payout trigger raised from $1.5B to $2.5B.
Every year around profit sharing time there is a propaganda campaign where management takes full credit for the development of, and payout of the profit-sharing payout. It’s a flat out lie. The profit-sharing check was brought to you by the Pilot’s UNION and management has tried to reduce the payout several times (out of the goodness of their hearts).
I recently had an AMT that was working on my airplane ask if we "pilots" also received profit sharing like they did.....a history lesson respectfully ensued.
12-18-2023, 06:49 AM
#7
Gets Weekends Off
Joined APC: Jan 2023
Posts: 1,232
Originally Posted by MD88Driver
Great summary; I'd like to add that in C16 the company took away profit sharing from everyone else to pressure the pilots to negotiate away our PS. We refused, and the company added back all the other employees to their former PS plan.
I recently had an AMT that was working on my airplane ask if we "pilots" also received profit sharing like they did.....a history lesson respectfully ensued.
I recently had an AMT that was working on my airplane ask if we "pilots" also received profit sharing like they did.....a history lesson respectfully ensued.
12-18-2023, 06:50 AM
#8
Banned
Joined APC: Aug 2020
Posts: 669
Originally Posted by Hotel Kilo
So why hasn't DH put a billboard up yet there an VA proclaiming that? So many non-cons think daddy "B" "gave" it to them. We have a serious messaging problem.
But even if ALPO took credit the brainwashed noncons wouldn't believe it. They believe management more than any union, that's why they don't have union cards. Not that having one really gets you anything except an expensive insurance policy.
12-18-2023, 06:51 AM
#9
Banned
Joined APC: Aug 2020
Posts: 669
Originally Posted by Hotel Kilo
We voted for it Nick, remember?
Originally Posted by Hotel Kilo
You can thank JM for that save. I hope he's enjoying his retirement. He did some great things for this pilot group many will never fully comprehend.
12-18-2023, 06:52 AM
#10
Gets Weekends Off
Joined APC: Jul 2013
Posts: 10,067
Originally Posted by Hotel Kilo
So why hasn't DH put a billboard up yet there an VA proclaiming that? So many non-cons think daddy "B" "gave" it to them. We have a serious messaging problem.
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