Hot/Crazy Matrix - A Man's Guide to Women

Hot Crazy Matrix - A Man's Guide to Women - YouTube

Could be useful for younger guys or those without enough data points...

You're welcome.

It is my understanding that profit sharing was introduced at letter 51, correct?

Please fix that last sentence if not, but that was my understanding.

It was introduced so that when Delta started making $$$$$ post BK with their new court approved debt plan, we would get a bone after the massive give backs from chapter 11.

Why would we ever trade that away for pay rates? If the company wants to reduce profit sharing, then buy work rules with it. How about a Fedex 6 hour vacation day, the extra week we gave up, and a min calendar day of 5:45 applicable to training as well. Something that we can contractually book the value in year after year that is worth roughly what we now get in a PS bonus.

Sorry Sailing but we've already paid for our profit sharing why should it be on the table? Our pay raises should be totally disconnected from the profit sharing. And a 14% raise is all it would take to have you give it up, then you sell yourself short.

True, we could do it on our own. But [spastic endless growth mode LCC ambitions notwithstanding] Hawaii margins are razor thin and a glut of capacity there would cost us (and everyone else) quite a bit. Even if we overpaid a bit for them, not having to dump capacity would be a huge advantage. We could then rationalize any excessive overlap and redirect resources west.

I have no idea about the real estate situation there, which would play into it as well. Are there lots of gates available if we were to consider doing it "organically"?

I'm not pulling for it to happen nor am I predicting it will. But it makes sense on some levels. They are definately in the top 3 or 4 potential merger scenarios for us still. And the seniority it takes here to have a good narrowbody line in some bases is more than enough to be a 330 CA there. It may or may not happen, but we can't let it sandbag us if it does because its well within the envelope of realistic possibilities.

I think any proposed trade off would be incremental like the last one. We'd get X% raise on DOS, of which part would be a PS trade off, and then COLA or sub-COLA "raises" each year for the duration of the agreement.

The final number would all be called a "raise" though, regardless of the context. So what will that percentage be? That's the question.

I agree that we gave enough in PS, and we need to be willing to agree to whatever "raise" we get independant of any profit sharing reductions.

But if our predicted PS payout will be in the 10% range just to keep the math simple, would you be OK inking a 10% DOS "raise" with 3% yearly [potentially sub]COLAs with the complete elimination of PS? Cause I'd say no deal to that all day long.

Um.

So 14% DOS raise is somewhat of a high water mark…even with the complete removal of profit sharing?

:eek::eek::eek:

So if we keep PS, what raise can we expect then?

So you think a guaranteed 14% is better then a range from 0 to perhaps 15% as a possible high? Based on history we will over time be closer to zero then 15%.

It's all a cost. I am not sure why everyone keeps trying to tie monetizing profit sharing with raises. My point is that if we can make a variable pay rate into a guaranteed pay rate we would be stupid not to. It should have no impact on the raises we achieve in section 6. They are different issues. If you go to meet a investment guy and he says I have two choices for you. Plan A is 14% guaranteed and plan be is 0 to 15% with a historical average of 6 where are you going to put your money?
It's all a moot point anyway because the company will never offer to monetize profit sharing at anywhere near this years expected payout.

Sailing, please tell me you are no longer involved in the decision/negotiating of our contract. Guys like you scare the **** out of me. Please keep you management negotiating bullet points to your self and quit under-selling this pilot group!

Why the hell would anyone within ALPA past or present even entertain a give back of profit sharing. That was a gain received from management as a offset to a past give back. I am sure they want it back/reduced.. Tuff, the future earnings look AMAZING stay away from my WALLET!:eek:

This has been a paid advertisement from the Delta pilots of tomorrow PAC.

I don't have a clue what your talking about. Not once have I advocated giving back the profit sharing. I have simply stated that a guarantee is far better then a maybe. We earned it so no need to give it back. Make it a guarantee however and I am all over it.