i thought that wasnt applicable until next year on that portion?

 

Contract 2012 does not change the award methodology for 2012 profit sharing.

 

That doesn't start until 2014 the way I read it. Or, the profits from 2013 to be paid in 2014.

 

Ed Bastian - President


"Well, there is lot of moving pieces in that because there was a significant amount of productivity overtime in that contract that helps us manage the seasonality peak that I was talking about. So that inflow plus there is a lot of benefit from the contract in the form of these 76-seats swaps and been able to increase the 76-seat count and return for getting 60-seaters out. So there is lot of pieces that move in and out of the economics of that transaction, but with that said, once we get to 65 we will have a significant number of retirements and we don't anticipate being in a situation where we have pilot hiring in 2013 as we sit today, but obviously as people hit the 65 age limitation, we will be hiring at the bottom of the seniority list. We haven't done an analysis of what the trade off is there, but overall the pilot contract and when you take the totality of all the terms, the productivity, the scope clause and the flexibility that gives us to be able to manage the business to the peak, its all in a good yield in terms of the overall profitability of the airline."


I guess it was announced.

 

I may be wrong but those changes don't effect this check on 2/14/13.

They start with the year 2013, payable on 2/14/14.

I'm praying for around 8%.

 

Correct. The new contract doesn't change 2012 profit sharing calculations.

 

ok johnso shoot us the good news! TEN%%%%%%!!!!!!

 

I need to look at the old contract. I don't even know the numbers.

 

Not sure you read my entire post, Im not advocating selling anything. It's a punishment to the company if they get out of balance and has to be corrected within 12 months. Seems like right now our contract and it's 3 year window is allowing the imbalance. Something needs to be punitive to the company if they break our contract.

I can't believe with our "ALPA lawyers and labor experts" we can't find better language to protect ourselves if the company breaks the PWA.

 

1.2 billion profit 2011, RA said he sees 1.6 for this year....I think we got 4.8% in 2011, which I guess we would be at approx. 6.24% for this next check. Just my wag

and don't forget about 35% goes to taxes unless you dump it in 401K