The RJ's were Self Financed alright, by My Self, and Your Self!

And half of today's earnings numbers are being financed by our bankruptcy pay rates, and profit sharing cuts.

 

In layman's terms, will our profit sharing be bigger or smaller next year based on first quarter results?

 

Much larger because based on the outlook for the rest of the year total profit for profit sharing purposes should be well above 4 billion. Last year it was 3.4 billion. Everything over 2.5 is at 20 percent.

 

I think last years profit sharing (received this year) was based on $2.7 billion profit

 

It was based on 3.4 billion. 2.7 was net profit. Profit sharing is pre tax.

 

The way I read what the ATL was saying about it, we can get in on it as well. Most or all of the language I read mentioned new city pairs for cargo or pax, though it implied they wanted more cargo. Certain markets (the big ones we may be interested in anyway) were free for 2 years with extra free taxpayer party money from their crumbling coffers because every good government knows if you build it they will come (emphasis added) for marketing expenses.

When I first saw the article title, I assumed it would be more bogus welfare for cancerous LCC's and foreign carriers, which it still may be, but there seems to be a chunk of the funny money we can break off for ourselves.

JB will likely (re)invade (this time in a MUCH more dedicated assault) before the end of 2015 and VX around a year later, and the dual subsidized fake royal Gulf airlines about the same time frame. We're running high on the YoY numbers but soon we'll have to take a break from the magic to counter punch the insolent yield trashers/capacity dumpers. I hope mahogany row is ready for the short term pain required for the long term gain, as well as being on the same page with the airport people to not screw their own futures at the expense of flowery short term press releases.

 

What does the math say if you are correct and it is $4B? Everything under 2.5B is half of what it was this year, and then everything over that is still at 20%. WAG says it will be a wash, and I'm too lazy to do that math right now.

 

We're wetting ourselves over a projected $4b profit. Well, tsquare is, as usual. But how does it translate to more money and more time off?

This year we got a 3% raise...and gave up a big chunk of our profit sharing. And gave back work rules we worked hard to get in the first place.

We are not terribly visionary folks.

 

Not sure what you are talking about. There is no change in profit sharing this year from last year. The profit sharing last year was reduced by ⅓ on the amount under 2.5 billion from the method used in 2012. No change above 2.5 billion and no changes this year from last. Pre tax first quarter profit this year was 444 million.