Sticking new seats and overhead bins into the 320's is not a very big project compared to what they have in store for the 757's- (IFE, new lavs, new lighting, seats, galleys, bins...) I don't think it will greatly affect the retirement of the oldest A320's. If airbus is offering a life extension program for the 320's, that would be big news in the industry, and so far there's no news...

Anyone have any formulas to calculate profit sharing under our old PWA (15% first $2.5 billion)?

The 5% reduction comes to $125,000,000 reduction of what would have gone to the employee profit sharing plans for all groups. I was just curious what that would have amounted to for pilots.

I'm sure this will get things going back and forth, but regardless I think it's important to see the hard number of what this concession actually cost the pilot group in retrospect.

Before I get accused of being a "black helicopter flying overhead" pilot, I'll say that it was good to see a transition of our compensation from profit sharing into our actual month to month pay checks.

Sure. I doubt much of this year's number is influenced by the higher payout > $ 2.5 B profits. So, 10% is 2/3 of 15%. Assuming my math is correct, and I'm getting 76 hours, I'm giving up 38 hours for a 3% raise. The 38 hours is at-risk compensation, so it may or may not be recurring, the 3% remains over the years.

Worth it? I'm not sure.

I think it was a huge scam that we (and all other employees) got hoodwinked (well, the other emp's didn't have a union) into giving up profit sharing for 'raises'. Our health care costs go up every year, as does cost of living. It's water under the bridge, but you can bet that the company will pull the same stunt in 2015, since it worked so well on us in 2012. IE; pay for your own 'raise'. Just my opinion.

I am so far impressed that the union seems to be taking a harder line with the company. Not necessarily one that is confrontational, but one that recognizes that in a negotiation, if one party comes away feeling ripped off it's not a good thing. Food for thought: How much has executive compensation increased at DL since bankruptcy?

More food for thought: We are industry leading as a company in every metric. As pilots, we must lead the industry in compensation-in every metric. As much as it would be nice to rest on the laurels of others accomplishments, we need to be at the bleeding edge. That's our lot.

(Continued)...but since we do seem to be right around the $2.5B profit mark, and profit-sharing above that is untouched, it sets the upper limit of our trade at ~ that 38 hour mark. Meaning that in good years you'll trade UP TO 38 hours (or so) for a sure 3%. In great years above 2.5B, you'll still get additional profit-sharing, and in poor years, say break-even, you'd trade nothing for 3%.

Not justifying this, trying to address DH's questions.

38 hours at my rate last year was about $4800. $126 * 38 = $4788.
I got a 3% raise this year which = $3.78/Hr
I credited about 960 Hours so I made an additional $3628 with that 3%
So for me I just traded $4800 for $3628. :cool:

Approximately 1/3rd of the total goes to the pilots, (math in public alert) or about $42m. That's equal to approximately 2% of pilot pay.

Assuming the numbers are right, it does sound like that's exactly what you did.

And it might be the same, or that you trade $1,500 for $3,600, or nothing for $3,600, over the years.

Not sure. They just publicly released that they'll upgrade all 69 320s. I've been wondering if RNP certification and a life extension program may have been worked into the 321/330 deal.

I was told by an ALPA rep from my base, that they calculated the average payout per pilot to be $15,000. Remember, that is an average.