If you look through the table that shows the profit sharing plan, you'll see that it is for all employees. Incomes are totaled (with the exclusions in the definitions), then each employee is paid their percentage based on their income to the total pool. Pilots are a little more than 1/3 of the income pool. Everyone sees the same percentage increase to their income, and then DC contributions are made on that additional money.

Remember also that while it's called "profit sharing", it's actually pre-tax income sharing. Those write downs (among others) that ACL mentioned earlier in the thread are specifically excluded from the calculation.

 

Nice job getting that written in. Thanks for the explanation.

 

I have seen several statements from several different DALPA officials over several years (mostly on the DALPA Forum) that led me to believe they view profit sharing as a significant part of restoration. These comments were usually in response to someone who suggested we were not making any significant progress. Nobody came out and said that profit sharing is everything. Their comments just gave me the impression they consider it a lot more significant than the math actually shows.

It's certainly possible I could have misinterpreted the statements. But I do not "make stuff up". Can you give an example where I have?

BTW, I noticed you conveniently left off the following quote from my post: (Talking about profit sharing) "As you can see, it's not even a drop in the proverbial bucket!" Do you agree with that statement or not?

 

You are in KBP... on a layover.. and online in the forum. Boy you are an EPIC FAILURE at layover... EPIC...


From Sheilus to the reefs of Kizmar
From Stargate and the Outer Worlds
They're speeding towards our sun
They're on a party run
Here come Tomorrow's Girls
Tomorrow's Girls

- Donald Fagan from Kamakiriad

 

Not to pick another fight but the Master Chairman stated that the "Profit Sharing" is there to help us capture some of the highly profitable periods like we had after POS 96. Not sure if that was summarized as restoration. It is more of a check valve type compensation that turns off automatically when the company is not profitable.

 

My undergrad degree is in Biz Management with an emphasis in Personnel Administration (now called human resources), I don't remember much but I do remember a discussion about profit sharing during wage and salary class.

Basically, profit sharing is a con job (my words not the professor's)to make you feel more a part of the organization. You work hard so the organization does well and you get a little something for your efforts.

However, once you do expenses (glad our's is on operational....NWA wasn't and it was a REAL con job) the amount is so diluted that it can backfire. IE, when you get your profit sharing check you go ****! I honestly believe you're better off using your negotiating capital on the salary side. Gives you more to "give back" in the bad times.

Ferd <----------BUT, yes of course I'll take the check

 

Con job or not we have it.

These are the type of "circuit breaker" compensation programs that companies like. They have triggers like this ones does to be shut off when things go South. The mindset seems to be that, if they automatically shutoff there will not be a stronger need for concessions in the bad times.

Simply, if you do not like them tell your reps. If you do, tell your reps!

 

Dr Mr ACL,

May I call you A?

I am Mr Fernando Matobo, ESQ, and I have found you to be a relative of Mr Binzillion ACL, a banker from the Republic of Haiti. He has not been seen since the unfortunate earthquake of last year.

Sir, I'm writing you to see if you may be interested in recovering a portion of his estate

Mr Fernando Matobo ESQ

 

You are good there Ferd. Not interested in your billions! So, sorry

 

Delta seems to carry a LOT of gas. I've never been restricted before from SAN-DTW, shouldn't be a problem SAN-CVG