Profit Sharing
 

Saw a long spread on the raises for all other employee groups on the net…. CONGRATS BTW!

Blurb said profit sharing of around 20%……

I thought I saw folks saying 22-23%…..


Thoughts?

I'm thinking the 14% raises on Dec 1 for 68,000 employees is going to depress the 2015 profits just a little bit, thus now a lower profit sharing for us.

It's Win-Win for the company however!

The December raise will not be paid until January 2016. Does not affect PS for 2015. I'm pretty sure that's one of the reasons (probably not the main one) the company picked Dec. 1.

Denny

Raises are effective 12/1 and will show up starting on the 12/11 and 12/15 checks. Some impact but minimal. Last year was 15% until the final accounting made it 16.58%. We should have the final number mid January. I put the over/under at 21.5%.

Denny,

!2/1 was picked so as to not trigger a raise for the pilots. Ray Charles could see that.

The deal that the non contracts got was way mo worser than the the deal we turned down.

The good news is that we are now decoupled from the rest of the employees. I cannot image any deal good enough for us to agree to the new non contract program.

Agree, the only way the trade works in the noncontract employees favor is if we become an eternal $2.5B/year of profit company. Only time will tell for sure.

If I'm a non-con I'm hoping profits alternate between zero and 20 billion every other year (in the correct order, of course).

Two words: Fuel. Hedging.

At this time last year, didn't Delta deposit an advance of the PS leading into Christmas? I seem to remember something about that.

It was in October I believe. I did not hear why the company did that. Possibly some tax relief. Our union hailed it as a win.

Nov numbers are out..... improved. Maybe el Nino influenced milder winter in eastern us will boost pension subsidy payment in Feb.

I've got 22.85% in the office pool....

Still doesn't come close to compensating this group for what we sacrificed to save delta.

PRASM is improving. Now near the high end of the September quarterly guidance.

http://www.sec.gov/Archives/edgar/da..._8k-ex9901.htm

http://seekingalpha.com/news/2960216...elta-air-lines

It was around the time Parker said profit sharing was not the way to pay employees. I guess Anderson was trying to rile up the AA employees.

I believe Richard or Ed said a month or two ago in Q&A with analysts about early PS advance question. There would not be an early PS payout this year because DAL needed to maintain $$ Billion in liquidity etc... at end of year.

Come on fellas. Yes the 14.5% raise is effective starting on Dec.1. You all do realize that your December 15 paycheck reflects what you earned in November and that the end of the month paycheck is an advance!?! So a raise in December isn't actually paid until January 15, 2016....

Denny

You couldn't figure out I knew that from my post? Sorry, I will be more clear the next time.

Denny

are you being serious? so non-pilots get paid like pilots? I thought the pay raises we are talking about here go to non-pilots. A pay raise for non-pilots on 12/1 would go into non-pilots december checks, not January.

Ok, how are FA's paid? Yes I'm being serious. Are they on an hourly wage (like pilots)? Can they work overtime (like pilots)? Tell me where the difference is. Prove me wrong.

Denny

Edit: "They" being non contract employees to include FA's.

Denny,
The company actually put out when the raises would be seen in most of the non contracts paychecks. Some of them do hit on December 15th.

Is that true for all non-cons? Not trying to start an argument over peanuts but I think there will be some increased wage expense some where this year. As I said earlier, minimal. Not worried about it but full disclosure...

Pilot's end of the month check is for 1/2 the reserve guarantee and paid at the hourly rate in effect on the date of that payment. So, a pilot raise on 12/1 would be reflected in the 12/31 paycheck.

PWA 3.G.1

Isn't the end of the month paycheck for us considered an advance on the next month and then the the check on the 15th makes the previous month right?

Ok, you guys are right. Got more important stuff to deal with.

Denny

One CA said that he kept his wife happy by turning over his paycheck to her every month. All was well until she found out about the other check....:D

Sort of reminds me of the guy's wife that called our reserve unit needing to speak to her husband. The guy had left the reserves over two years earlier and was still going to "drill" weekend. I guess it comes down to how you define "drill". :)

There was an rj captain where I worked who was a bit rambunctious. Called in sick a lot. Finally a very cool CP called to talk to him at home. His wife answers no he's not here, he's been on a trip for the last few days. No. He's been or sick the last few days. Busted.

But the worst I heard of was a CAL pilot years ago who was part of a crew of a DC10 that had an RTO and caught fire and burned to the ground in LAX. Except he wasn't there. He was out having fun with someone else. His wife however was at home frantic about her husband's airplane burning and people dying on it on the tv news. When he finally called home he evidently didn't know about the fire and so he claimed the flight was normal and all was well. He was busted.

I know a guy who used to bid three day trips and tell his wife they were four day trips. At the end of day 3, he "commuted" cross-country to shtup his not-wife and commuted home on day 4.

One day, an FA on his homebound flight was friends with his wife. She calls and says, hey, why is your husband jumpseating back from XYZ? Busted.

Any of you old Red Rudders remember Ted Lieber?? Diverted a DC10 into SEA to pick up his girlfriend and take her to the Mystic Orient?? When he retired he went to work for Great Lakes and flew past age 70. He once said he was paying for seven ex-wives?!? I said, "Ted you old salty skippers always told me if it flys floats or %#cks, its cheaper to rent!!! What happened to you?" First time I almost got beat up by a great grandpa!!

He flew 90+ hours the month before he flew west!!!