|
Originally Posted by OOfff
(Post 3960794)
pilot wages were higher in 2024 than 2015. the higher your wage, the smaller percentage of it is ps.
If profit sharing payout to, say, 17,000 pilots is from a pool of $500m: If the average pay of pilots is $200,000/yr, the average payout is about $29,411, or 14.7% If the average pay of pilots is $300,000/yr, the average payout is about $29,411, or 9.8% The percentage varies substantially more if the number of pilots also changed. |
Originally Posted by FangsF15
(Post 3960789)
PTIX in 2019 was very similar to 2024, both around $5B. The PS pool in 2015 was $1.5B and paid 21%, in 2019 was $1.6B and paid 16%, and in 2024 was $1.4B and paid 10%. How else do you explain the disparity if not for the difference in the number of employees, which is 25% higher in 2024 than 2015. 2019 was in the middle of the two.
|
Originally Posted by OOfff
(Post 3960750)
more employees dilutes the profitability because of higher wages, but their ps does not affect our ps percentage of that profit. ours is still defined as x% of $y of ptix
So yes, higher wages reduces profit, but it also will decrease the % you receive as a pilot because you have a smaller share of all eligible wages. |
Originally Posted by FangsF15
(Post 3960810)
Well, we were about 12,500 in 2015 vs. 17,000+ in 2024. With increased pay rates, maybe pilot wage cost actually doubled in 10 years? I never thought we were stovepiped from the rest of the company, especially since we allllll get the same exact percent (well, other than in 2016 between C15's TA1 failure and TA2 passage).
|
Originally Posted by bugman61
(Post 3961192)
We are not stovepiped. Our payout is absolutely effected by the wages of other employees.
|
Originally Posted by notEnuf
(Post 3961221)
We are in the sense that ours is guaranteed and yes segregated from all other employees. The effect is as all wages (including ours) grow the denominator grows while the numerator is set by profit which is roughly the same as last year. The dollar amount will be roughly the same as the wage numbers determine percent.
Hypothetically, 2 years with identical $5B PTIX, but in the second year the non contract employees got a 10% raise, would result in a lower payout percentage and dollar amount for the pilots. |
Originally Posted by bugman61
(Post 3961255)
I think we are saying the same thing. Our plan is contractual and the method of calculation will be unchanged by any other plan that exists for the other employees. However, because total wages are a factor in the calculation, raises given to other employees will decrease our payout, both because of the reduced total profit and because of the larger wage base.
Hypothetically, 2 years with identical $5B PTIX, but in the second year the non contract employees got a 10% raise, would result in a lower payout percentage and dollar amount for the pilots. pilot wages increasing decrease the percentage payout, but not dollar amount, though. |
Originally Posted by OOfff
(Post 3961285)
the non-con wage base doesn’t change our payout except in how it reduces profitability.
pilot wages increasing decrease the percentage payout, but not dollar amount, though. Individual employee’s annual compensation in the year in which the PTIX was earned 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. The Association will have the right to review the methodology and calculation of awards prior to such awards. |
Originally Posted by OOfff
(Post 3961285)
the non-con wage base doesn’t change our payout except in how it reduces profitability.
the pool of PS pool is divided by all eligible wages, which is pretty much all us based employees wages. If we have a 1B PS pool and there are 10B in eligible wages, everyone gets a 10% PS payout. If DL gives the non cons a raise but the pilots don’t get one, and the wage base goes up to 10.5B, everyone’s PS% goes down to 9.5% |
Originally Posted by Gone Flying
(Post 3961316)
This is not correct.
the pool of PS pool is divided by all eligible wages, which is pretty much all us based employees wages. If we have a 1B PS pool and there are 10B in eligible wages, everyone gets a 10% PS payout. If DL gives the non cons a raise but the pilots don’t get one, and the wage base goes up to 10.5B, everyone’s PS% goes down to 9.5% |
| All times are GMT -8. The time now is 01:34 PM. |
Website Copyright © 2026 MH Sub I, LLC dba Internet Brands