15.0%
in 2012
10.0% in 2013 and each
year thereafter up to 2.5 billion dollars profit, if it gets over 2.5 billion then goes back to 20%.

2013 used to be 20%

Yeah, there's lots of true romance in MNL too. And its not about the money. Amazing how many Phd's and MD's there are in Russia and the PI. Those girls...errr....woman just dig classy daddy types and are looking for true love and a green card. Nothing says suave and debonair like a double breasted Captains jacket (its probably really the hat). I bet they even meet you with a bouquet of flowers. Watch for the Adams Apples.....:rolleyes:

No. The only thing that changed was the 15 to 10 percent below 2.5 billion... Never was 20% till that threshhold was reached.

There is no seat lock & he has to come back. If he continues to bypass he will be off the list.

Baja.

It's too bad we can't video tape ALPA roadshows. It would be fun to replay the reactions from a lot of guys when the Profit Sharing terms were presented in 2009. At the presentation I sat through, several of the present-day Donut Dealers were loudly promising that we'd never see a penny of profit sharing, at that it was all of lot of wasted negotiating capital.

Now you'd think it was the Holy Grail of compensation.

A stunning flip-flop.

Who were these people you're attempting to paraphrase?

I had a similar experience with an ALPA rep I flew with several years ago. I was new to the company and was just trying to catch up with all that was going on around me. But I do remember being struck (not in a good way) with his idea of increasing profit sharing and not pushing for pay increases as a form of compensation. But I don't hold DALPA accountable for this individual's philosophy, nor believe it was a flip flop of the organization since it was not advocated by the group as a whole.

This is misleading. Our 2013 profit sharing tax was 15% of our 2012 PTIX. Actually that 15% went to every single employee at Delta. Our 2014 check will be 10% percent of the 2013 PTIX. Only the PTIX over 2.5 billion is 20%. Our profit sharing does not double if the company posts a 2.6 billion dollar PTIX. Only 100 million of it will be paid out at 20%.

What that boils down to is ALPA pulled money out of one pocket to put it in another and then congratulated themselves.

Many pilots wanted higher hourly pay over profit sharing. ALPA probably looked at polling data and gave pilots what they collectively wanted.

BB. That is exactly the rational, but it sure doesn't stop people from *****ing.