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Originally Posted by shiznit
(Post 1870708)
Jerry and I pretty much agree...
...but I'll show my math: 10% x 0-2.5B = 250M 1.1B-250M = 850M 850/20% = 4.25b so PTIX was approx. 6.75b (even Sailing is ok with that!) PTIX 10b: (.1 x 2.5B) + (.2 x 7.5B) = 1.75B 250M + 1.5B = 1.75B 1.1 = 16.58% 1.75 = 26.37% (based on 2014 wages) Wage growth of 3% for non contract employees (4% but only 9 mos.) and no new pilot deal but we increased 3.55% for all 12 months of 2015. IMO= 25.59% PS Payout If we have a new PWA, the variables/assumptions will change. |
Originally Posted by 80ktsClamp
(Post 1870762)
I tend to agree with this, but it has to be coupled with acceptable pay bumps on top of the monetization of the profit sharing. Otherwise, no thank you.
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Originally Posted by Karnak
(Post 1870800)
I tend to agree as well. I like the higher degree of certainty of pay rates versus profit sharing. I also think the math of such a conversion should be easy to understand.
The presentation should absolutely not be a sales job as well. |
Originally Posted by 80ktsClamp
(Post 1870759)
Your math is wayyyyy off. Show your work... shiznit did, and I agree that he is spot on.
2016 $10 billion profit 40% profit sharing. |
Originally Posted by pilotjockey
(Post 1870743)
i like what im seeing from you guys about this years profitsharing being over 25% but id rather have my section six raises and 20% more on my payrates with 5.59% profitsharing
give me my money now, i dont trust management to not screw up later We all know what happens when the gloomy days are amongst us, right? The company comes after and successfully reduces our wages and quality of life. We need to keep PS, and enhance our work rules and pay rates because we know that one little hiccup or misfire will bring it all down, AGAIN. It saddens me that we have so many co-workers that "think" management really cares for our well being and that we should concede or not challenge. MGTs' only care is about their pay, shareholders and profits (which is admirable and correct management goals). We do have leverage, think about it. We fly the aircraft safely with excellent Ambassadorship. I am FOR 18/5/5/5, better work rules and same or better PS schedule. TEN |
Originally Posted by Karnak
(Post 1870800)
I tend to agree as well. I like the higher degree of certainty of pay rates versus profit sharing. I also think the math of such a conversion should be easy to understand.
Then, and only then, should we consent to exploring the possibility of trading profit sharing for rates. Same for the JV grievance. There must be three separate transactions. If we allow the company to roll PS into C15...we get rolled. I don't understand why so many guys are so anxious to push us away from PS. |
Originally Posted by Karnak
(Post 1870800)
I tend to agree as well. I like the higher degree of certainty of pay rates versus profit sharing. I also think the math of such a conversion should be easy to understand.
TEN |
Originally Posted by Purple Drank
(Post 1870810)
That's fine. Let's first negotiate C15 as a standalone product.
Then, and only then, should we consent to exploring the possibility of trading profit sharing for rates. Same for the JV grievance bogey must be three separate transactions. If we allow the company to roll PS into C15...we get rolled. I don't understand why so many guys are so anxious to push us away from PS. |
Originally Posted by 80ktsClamp
(Post 1870802)
It should be.
The presentation should absolutely not be a sales job as well. TEN |
Originally Posted by sailingfun
(Post 1870812)
Perhaps because historically airlines don't make any profit.
Just say'n. TEN |
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