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Old 04-29-2015 | 11:43 AM
  #3741  
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Originally Posted by shiznit
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.
How does hiring 2,000 pilots in 2014 and 2015 factor into your numbers? Isn't there a total pilot salary metric available to make this calculation a bit easier to calculate? I've seen three wildly different explanations since I asked the question.
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Old 04-29-2015 | 11:44 AM
  #3742  
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Originally Posted by 80ktsClamp
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.
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.
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Old 04-29-2015 | 11:46 AM
  #3743  
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Originally Posted by Karnak
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.
It should be.

The presentation should absolutely not be a sales job as well.
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Old 04-29-2015 | 11:49 AM
  #3744  
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Originally Posted by 80ktsClamp
Your math is wayyyyy off. Show your work... shiznit did, and I agree that he is spot on.
How can you agree with shiznit and not me? We are both about 25% this year?

2016 $10 billion profit 40% profit sharing.
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Old 04-29-2015 | 11:54 AM
  #3745  
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Originally Posted by pilotjockey
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
I agree with you. But PS should not be negotiated away. PS is a token (payback) for the sacrifices we made in the last 15 or so years, it should be held into place because only GOD knows when the next downturn will hit us. PS is my tool to fund future gloomy days and gets me motivated to go above and beyond what Delta expects from me.

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
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Old 04-29-2015 | 11:58 AM
  #3746  
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Originally Posted by Karnak
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.
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. 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.
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Old 04-29-2015 | 11:58 AM
  #3747  
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Originally Posted by Karnak
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.
We can have both. Why do you think it is one or the other?

TEN
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Old 04-29-2015 | 12:00 PM
  #3748  
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Originally Posted by Purple Drank
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.
Perhaps because historically airlines don't make any profit.
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Old 04-29-2015 | 12:01 PM
  #3749  
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Originally Posted by 80ktsClamp
It should be.

The presentation should absolutely not be a sales job as well.
The SPIN machine is just beginning to spool up. I swear, I thought I was at a used car dealership the other day when I checked in. The local reps, man, so predictable.

TEN
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Old 04-29-2015 | 12:03 PM
  #3750  
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Originally Posted by sailingfun
Perhaps because historically airlines don't make any profit.
Ok. So we agree there is no harm by keeping PS untouched. PS should not even be put into the equation. I expect it to be untouched. I expect at least a 30% pay-raise. I expect better retirement,medical and crew-meals too.

Just say'n.

TEN

Last edited by TenYearsGone; 04-29-2015 at 12:15 PM.
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