I understand the 10% upto 2.5 billion. I guess my general understanding was if we made above 2.5 billion that would trigger the 20% profit sharing on the whole thing. Your probably right! If I understand you correctly, your saying that if we make 2.7 billion we still only receive 10% up to 2.5 billion... Then the balance of 200 million would be paid at 20%?

Either way, I believe we could hit that figure this year when the dust settles.

Thanks Denny!

Yes, that is exactly how I think profit sharing on 2.7 billion would be paid.

I'm not an accountant but, in the contract, there are specific guidelines on what the company cannot "write off" so to speak. Profit sharing is based on PTIX. The definition of PTIX from the contract:

“Pre-tax income” (PTIX) means, for any calendar year, the Company’s consolidated pre-tax income calculated in accordance with Generally Accepted Accounting Principles in the United States and as reported in the Company’s public securities filings but excluding: a) all asset write downs related to long term assets, b) gains or losses with respect to employee equity securities, c) gains or losses with respect to extraordinary, one-time or non-recurring events (including without limitation one-time transition or integration costs incurred in connection with the merger of the Company and Northwest Airlines Corporation during the two year period following the merger), and d) expense accrued with respect to the profit sharing plan.

Denny

I'm not sure that is right Denny. I beleive once we hit 2.5 billion then they pay 20% of PTIX into the profit sharing plan. If we are under that, then they pay 10% of the PTIX into the plan. I remember someone saying that the profit sharing cost would double if we went over 2.5 billion.

It's also very hard for them to manipulate the numbers to lower the PTIX numbers. I'm not an accounting expert, but paying down debt or buying more assets goes into the equation after the PTIX calculation.

For those that commute between SFO - LAX you have a few more flights. Unfortunately, they are all on Compass. Good luck, got scope?

DELTA Expands Los Angeles ? San Francisco Bay Area Operation from Sep 2013 | Airline Route ? Worldwide Airline Route Updates

Just so people in Oakland don't feel left out you also get a increase in flights. However, as the red headed step-child your flights will be on CR7 and CR9's

I was pleasantly surprised to see you airbus guys in CAE this month. More jumpseats!

What can I say. I've been somewhat jaded to this board lately. Maybe I'll mellow out. Or maybe I'll start yelling for some of you youngsters to get off my forum. :D ;)

This is great news!! Thank you my LEC reps!!

One nice thing I didn't quite understand we got in the last contract is nice. So now if you get a green slip, one leg out and dh the next day back, instead of 7:15(14:30) you get 9(18).....sweet!

July schedules are available for viewing for everyone BUT M88B ATL!!

But shouldn't seniority have both QOL and pay? I'm sure more than a few senior bubbas whose health isn't helped by transiting multiple time zones a few times a month would love to be "able" to fly the 717 and do more regional domestic sort of flying without having to give up massive amounts of $$$$$. This in turn would allow more junior folks (read: less than 14 years seniority) to be able to hold international lines which are decent.
Besides, if the current system allows for more "choice" as you put it, then why are 99% of the top 600 or so flying internationally? I would bet if lgbp were the rule, 30-50% of them would be on domestic narrow bodies. The truth is, they don't have a choice.