Can someone type out the formula for figuring out PS again please with what the pilot share is exactly? ex:
2.5B x %10 = 250M
2B x %20 = 400M
240+400 = 640M and we get what of that?

I know what they could do with that cash they are talking about! HA

FINALLY a labor question.

You are correct there. It would be interesting to hear what "new reps" think after being in office a few months.

Question, with the 16% PS number, did we lose money with the 2% raise we received in exchange?

The answer to that is no, but we didn't gain anything either. That 5% profit sharing had a maximum worth and it was the 2% increase it was sold for... The 10% we get on profit up to $2.5 billion has a maximum worth. The 20% on profit over $2.5 billion does not have a maximum worth....

At least that's my understanding...

Denny

Boy they LOVE talking about Capacity Reduction!

Domestic, Latin America, Japan, Africa, Middle East, Russia, all being reduced...

Not one word about growth!

AF/KLM = $$$$ for us.

Labor drama. Here we go.... DAL + Pilots? Early contract before amendable date? What about keeping cost control? RA: No change in our great relationship committed to getting contract early or on time. Confident to remain cost structure.

What was his question about profit sharing? They all said correct.

More on pilots. We own this day! And every day. The pilot staffing constraint has WS talking. They've built the flow of pilots in and out into the costs already.

Okay now time for the reporters, who don't listen, to ask questions.

*1. I have a question. Can you guys repeat the thing you said about money?

Today's conversation is about oil and pilots.

I could do this job. No we're not going to talk about that, our policy is not to talk about that, that was already covered. Thank you. I think we covered it, thanks. Did you say "My bad", okay, bye! We already covered that. Can you repeat your question sir, you sounded drunk when you said we talked too fast.

We gained slightly. We gave up a fixed portion of the profit sharing worth a maximum of 1.9% for 2% in pay rates. With the growth in pilot headcount that 2% from profit sharing is down to about 1.8% and the raise has compounded to about 2.1%

The question was, "So there will be no changes to profit sharing in 2015?"


And the answer was, "Correct." Didn't say squat about 2016 or going forward though!


Completely side-stepped the pilot contract issue, which is to be expected. Completely dodged the Profit Sharing question, so I guess we will keep what we have, and get a small (2%) raise....to keep costs from increasing more than 2% YOY. :rolleyes:

That is of course...unless we are stupid enough to pizz it away in exchange for another 4, 8, 3 ,3 type C2015!

HA? Do you mean buy Hawaiian Airlines?

The pilots get about 1/3 of that amount. .33 x $640M = $211.2M.