Airline Pilot Central Forums - Any "Latest & Greatest" about Delta?

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Quote:

Originally Posted by forgot to bid (Post 1486731)

If we made $2.6B PTIX, wouldn't it be 10% for the $2.5B amount and then 20% on the remaining $0.1B?

Not 20% on the whole $2.6B just because it exceeded $2.5B.

Is that right?

I think that is wrong.

If we make 2,500,000,000 the program pays 10% of PTIX.
If we make 2,500,000,001 the program pays 20% of PTIX.

Quote:

Originally Posted by Carl Spackler (Post 1487064)

Sorely needed unity? Unity is great. We have unity now. But unity never got to see daylight last time because our negotiators signed the deal management put in front of them without any input whatsoever from our reps. Our reps were given the signed TA and warned of the devastation that would follow if they showed the disunity of a NO vote.

Carl

+1

our reps got played like a fine violin.

Quote:

Originally Posted by Check Essential (Post 1487091)

+1

our reps got played like a fine violin.

Which means we got played like that fine violin. But to the credit of our current reps, they voted out the really bad actors on the MEC administration that were responsible for it. The reps did the right thing.

Carl

Quote:

Originally Posted by RockyBoy (Post 1487090)

I think that is wrong.

If we make 2,500,000,000 the program pays 10% of PTIX.
If we make 2,500,000,001 the program pays 20% of PTIX.

I believe FTB is correcter.

Quote:

Originally Posted by cni187 (Post 1487072)

T, totally makes me think of this, Caplinger just wants to see the world burn.

Quote:

Originally Posted by tsquare (Post 1486753)

but DPA isn't helping with the sorely needed unity that will be necessary, but then again, that just might be Caplinger's goal.

Hmmmm...here we go again. More posts slamming DPA without any response in return. And not one complaint about it from anyone to "stop the bickering and move it to the other thread."

Wonder what would happen if I responded to this latest group of DPA attacks on the L&G thread?

Carl

Quote:

Originally Posted by Columbia (Post 1487099)

I believe FTB is correcter.

You are correct sir. 20% of profits above $2.5B PTIX. 10% of profits below that, so a $2.6B profit share is (10%)x($2.5)+(20%)x(0.1)=$270M as FTB has said.

Quote:

2013 Profit Sharing

August 10, 2012
We announced in May 2012 that we will adjust our profit sharing formula starting in 2013 (first payout in February 2014). The profit sharing plan formula is being adjusted so that the pool created is 10% rather than 15% on the first $2.5 billion of profit. The plan will continue to fund the pool with 20% on all profit over $2.5 billion This reduction of one-third of the opportunity on the first $2.5 billion in profit translates to giving up anywhere from 0.5% to a max of 2.7% of annual pay, depending on how much profit you assume we would make. Click here to see the illustrative example comparing the 2011 and 2013 Profit Sharing Plan formulas.

Profit sharing for 2012 will be paid on February 14, 2013, using the current formula of 15% of the first $2.5B of adjusted pre-tax profit. The profit sharing formula change will go into effect on January 1, 2013, with a 2013 payout on Valentine’s Day in 2014.

The profit sharing change combined with the January 1, 2013 pay increase means you will be able to count on more pay in your paycheck each month because we will fold a piece of your profit sharing opportunity directly into your base pay. That’s more certainty in your pay while still having an opportunity to earn a generous profit sharing payout – especially with the 20% share on profits greater than $2.5 billion.

Assuming the American merger goes through, or gets tied up for a while, who's up next to raiae the bar in contract negotiations?

Us? Southwest? (I know it's not United.)

Quote:

Originally Posted by newKnow (Post 1487111)

Assuming the American merger goes through, or gets tied up for a while, who's up next to raiae the bar in contract negotiations?

Us? Southwest? (I know it's not United.)

I believe FDX is in Section 6 now or very shortly. But they don't count. :rolleyes:

Let's see how the "scope improvement opportunities" play out with us...

Quote:

Originally Posted by scambo1 (Post 1487036)

that guy on the right was a dc9 fo on reserve that kept getting displaced to the next closing base. He's 28 years old. He has the -88 ribbon because he was on it, but was re-displaced back to the -9 the day after oe. In the new system, he's the first commuter to board out of dfw. He will retire at number minus 37.

http://24.media.tumblr.com/tumblr_mb...b0fpo1_400.jpg

Quote:

Originally Posted by alfaromeo (Post 1487065)

Block hours were used because they drive pilot staffing and not fleet size. Delta has a ton of fully depreciated aircraft with no ownership costs. They could artificially inflate the fleet size and not fly those aircraft very much. Block hours = pilot jobs. Fleet size = nothing.

You may believe that, I don't doubt that.

But I seriously doubt... just about all of what... yep... all of what you just said.

https://si0.twimg.com/profile_images...John_White.jpg