https://www.youtube.com/watch?v=RQY4i5fDYMM


Doesn't sound like surveys are split on profit sharing. We want to keep it! (5:43 mark in video)

"Retain Profit sharing." Not reduce, monetize, give up....

I'd like to see an opportunity to select deferred compensation. Individual chooses deferred amount or percentage, stores it in a financial instrument of some kind, takes it out after retirement.

In addition to the 401.

I have no idea on the workability or legality of such a proposal, but at some point even the guys at the lower end of the pay scale will get to the point where current income taxes become counterproductive.

Plus I heard reducing PS isn't in our opener. Management has been touting PS not only to all employee groups but to the press, local governments, etc. To scale its probably bigger than the SWA bags fly free campaign, and we know how hard it is to turn a ship that big around.

I think we should BOTLO for PS reduction attempts, but should be more concerned with block time change schemes, sick time changes, longer training freezes and other attempts at "productivity" across the board. And of course Scope is A#1 by a mile anyway.

I meant individual contract surveys. Good youtube BTW. OFG

I have always been 100% against reducing profit sharing. If you reread my post I said I would trade it for 60% FAE DB plan or paper bidding with a 75 hour hard cap and 7 weeeks of trips touching vacation.

The point I was making is management wants to pretend these things never existed and they didn't rape us in bankruptcy.

We have a few good things left in our PWA and now management wants those too. Sick leave, profit sharing, longer freezes, min months, etc. All while we are making profits none of us ever envisioned. Soon we will have little to no debt.

WHY WOULD WE AGREE TO ANY CONCESSIONS?

In case you are wondering, the things I mentioned above will happen when hell freezes over. We are aiming far, far, far to low.

Do you think the Delta Board of Directors brings a list of concessions when it negotiates with Richard for his compensation? What the hell is wrong with pilots?

How far we have fallen. You think it is normal to make concessions.

I have to go now. I'm going to tell Warren Buffet he has to make concessions or I won't buy his stock.

Too simplistic, thus inaccurate. First, it's not "at risk"...it's variable. Second, it's about how we know we're going to be compensated...not what might happen. That's what Section 6 is about.

Again, it's not about whether we "monetize" profit sharing or not. It's about doing so during the Section 6 process. Clearly, it should only be contemplated after Section 6 is complete.

Carl

Really makes you think doesn't it.

Carl

The surprise comes from who the "they" is. You might expect the "they" to be management, but it's DALPA that's trying to demean profit sharing in the eyes of pilots. There's only one reason DALPA would do that and it is to reduce profit sharing. Surprise.

There you go again with that "they" stuff. Management is not making the case to reduce profit sharing. DALPA is. Why?

Carl

If history is any indication of the future, every penny we make, be it hourly rates or profit sharing, is at risk.

When the hard times hit, everything is on the chopping block.

The whole "At-Risk" discussion is bothersome to me.