True or False: The only folks publicly advocating to sell profit sharing are associated with ALPA.

 

The reason is simple. Historically in this industry profit sharing has paid little or nothing. It has significant value now but may have no value 3 years from now. It could be worth more in 3 years but no one knows the future. In addition higher base rates help other airlines in contract negotiations. Base rates compound with future raises. A short history of profit sharing on APC reads like this.
2006-Profit sharing sucks, we will never see a dime. Stupid ALPA for wasting negotiating capital on it!
2012-OMG, ALPA gave up 1.9% in profit sharing for a 2% raise! Stupid ALPA
2018-OMG I have taken a huge paycut because profit sharing is paying nothing. How could ALPA have been so stupid not to convert it into additional raises when they had the chance!

 

It seems like there are a lot of "profit sharing prophets" posting on this thread and for the most part it is good. Forewarned is forearmed.

One thing I keep hearing is that the Wall Street types are having heartburn ( more than usual) over the profit sharing amount.
Has anyone actually seen an article that mentions this - I have not.

Now don't get me wrong, I'm sure they hate us getting PS in the amounts that we are currently and forecasted to receive, but so what. I'm sure they are not thrilled about Pilots pulling in $300k per year either but it's happening.

The PS payout is a percentage (10/15) and other than the one bump does not change. So the masters of the universe are OK with these percentages at a 3 B profit but are dismayed that our profit (and corresponding stock price) is going up like Al Gore's infamous "hockey stick" chart?

Too much money in PS seems like a very good problem to have. If anyone has actually seen an article on this subject can you please post the link.

Finally, remember Ghostbusters, Crossing the streams (PS and section 6) would be a bad thing. How bad? Biblically bad, cats and dogs living together type of stuff.

Scoop

 

I have no idea what the surveys indicate, but I am very familiar with this song and dance. (Wrt message board posts) I can already tell by the postings and the "statistics" that are being presented, that this is definetly on the burner on the 8th floor.

That being said, I am always open to creative ways to increase my compensation... I am just not sure there is going to be a good way to convince 50 percent of the pilots that reducing PS is a good idea (with the current outlook), unless of course the sum is greater than next years projected PS and pay.

Me thinks this is going to be a very "awkward" negotiation. If it is true that the goal of the company is to reduce PS, we may not be the ones in a hurry this time..

 

I suspect the companies desires on profit sharing are not yet even formulated. That process will start on Monday after the American pilot ratification results are posted.

 

The whole fake philosophy trick of "everything is for sale now let's just talk pricing" is something we need to get past.

Would you give up hotels on the overnights? No? Not even for ONE MILLION DOLLARS PER YEAR?!?!?!?!

There is no way the company is going to try and roll back or eliminate profit sharing just so they can give us the same or more. If they move to do this (and it seems highly likely they will try) they will be attempting to save money, one way or the other. Why else would they want to do it?

Does anyone really think we're going to get full value immortal "locked in" raises, in addition to whatever other raises we were going to get, and they will survive a 6-10B per year swing that wipes out all profits and even puts us into the red? Why would the company want that over the current system?

If we touch PS it needs to be a separate issue so we can see what we're truly going to get for it. Yet I bet they won't be interested in that in the first place. The real value in trading away PS is in moving so many things around that our "big raise" helps pay for itself.

 

They will certainly want and attempt to do it if American remains under the MOU contract. Americans raise next year will be based on our published hourly rates.
If the American contract ratifies then I dont see the company having a big interest in getting rid of it. When times get tough again and they will at some point it's a built in pay cut they don't have to negotiate.

 

Trying to get an idea of good commuter hotels for Seattle...safe and clean rooms vs price...

 

Check out Mycrewguide.com

 

Jerry,

I don't know. If you know survey results you know a whole lot more than me.

Not to be unhelpful, I've just not heard what you have.