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Originally Posted by TegridyFarms
(Post 3990818)
I flew with a FO recently that said “our contract is costing the company too much money.”
Ok. So what? Is the company still making money? “But our profit sharing will be down?” Ok. So what? Our wages are up. This company is still making BILLIONS of dollars. Profit sharing is profit sharing. A contract is a contract. ALPA and the company agreed to the contract. Our wages as a group aren’t that big of a deal. Saying we (or our contract) are too expensive is disingenuous at best. A lot of the inefficiencies at this company can be traced back to technology, or lack thereof. |
Originally Posted by texas1970
(Post 3990928)
High amounts of profit sharing just means that there is more money/benefits left on the table that the company could be putting into our PWA.
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Originally Posted by ebl14
(Post 3990943)
Exactly. You can trust these managers with too much extra cash. Last time we were sitting on piles of cash they burned it by the truckload on stock buybacks instead of refreshing our aging IT, aging airplanes, etc…
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Originally Posted by ebl14
(Post 3990943)
Exactly. You can trust these managers with too much extra cash. Last time we were sitting on piles of cash they burned it by the truckload on stock buybacks instead of refreshing our aging IT, aging airplanes, etc…
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Originally Posted by WIPilot
(Post 3990909)
please go look up the difference between taxes and tax withholding.
And to everyone else, no…I’m not advocating trade PS for rates. |
Originally Posted by brakechatter
(Post 3990860)
Yeah, that's a problem. There is only so far we are going to be allowed to be ahead of industry leading pay rates. Profit sharing allows that extra push. It takes us to 11. In profitable times, our compensation outweighs our peers. In tight times, we are still industry leading. And while your PS is withheld at a higher rate, your final tax bill will be at your income rate including the rest of your taxable income. Perhaps that doesn't change your mind, but you are in the very small minority.
But if the pilot group bill is higher, is not our fault. I’m actually glad everyone that I know made a crap ton of money last couple of months. Have a friend got around 200hrs credit last month, another got 70hrs in 23M7, I personally only flew one trip in a GS that got me off almost a month and 98hrs of pay on RSV. All this wasted money means that in the next PWA, we have leverage. So that FO saying we make too much money, is wrong. His PS % might be lower, but it just means he wants people making less money, so he can have more bonus. |
Originally Posted by dk104444
(Post 3990457)
If credit card interest got capped at 10%. This might be our last profit sharing year.
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Originally Posted by ebl14
(Post 3990943)
Exactly. You can trust these managers with too much extra cash. Last time we were sitting on piles of cash they burned it by the truckload on stock buybacks instead of refreshing our aging IT, aging airplanes, etc…
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Originally Posted by ebl14
(Post 3990943)
Exactly. You can trust these managers with too much extra cash. Last time we were sitting on piles of cash they burned it by the truckload on stock buybacks instead of refreshing our aging IT, aging airplanes, etc…
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Originally Posted by tennisguru
(Post 3990743)
Yeah but we sold the ATL employee lot to boost our earnings... :D
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