View Poll Results: 2026 Profit Sharing Guess
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Profit Sharing 26 Rumors and Guesses
#51
On Reserve
Joined: Feb 2023
Posts: 196
Likes: 103
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.
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.
#52
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…
#56
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.
#57
Line Holder
Joined: Sep 2020
Posts: 1,564
Likes: 345
Airlines don't revenue share off interest paid by consumers. That's illegal. The credit card companies turn the exchange fees that retailers etc pay and give those to its card holders. Changes in these would require Congress to change the laws. Its unlikely. Also they did this in Australia and the airlines didn't get hit at all. They actually made even more revenue from card miles. First the airlines just issued their own cards to bypass this and then the card companies just gave less perks to card holders for things like sign up miles etc to make up for it. People in Congress benefit from these miles. They aren't going to change the laws, but even if they do the airlines won't care.
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