$1.7B Q2 Pretax Profit
#21
Runs with scissors
Joined: Dec 2009
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From: Going to hell in a bucket, but enjoying the ride .
And while we are on this subject, don't forget what the company had in their Section 3 pay proposal; to remove THEIR compensation (not just their bonuses, but ALL of their compensation) from the PTIX calculations prior to figuring our Profit Sharing!
That one -ask- alone is enough to just about wipe out ALL our profit sharing! I hope that is a "DOA" proposal. I don't know why they even wasted the ink to put that in there, there is NO WAY that will fly.
Maybe it's just a throw away item, for negotiations, so they can tell the mediator, "Look, we backed off of this... so ALPA has to back off of that (higher pay rates)."
All I know for sure is, the company wants to get as much of our profit sharing back to give to themselves, as possible, to enrich themselves, to impress Wall Street, and most of all, to keep the Non-Con's from coming unglued when they find out how much PS WE are getting, and they are NOT getting.
That one -ask- alone is enough to just about wipe out ALL our profit sharing! I hope that is a "DOA" proposal. I don't know why they even wasted the ink to put that in there, there is NO WAY that will fly.
Maybe it's just a throw away item, for negotiations, so they can tell the mediator, "Look, we backed off of this... so ALPA has to back off of that (higher pay rates)."
All I know for sure is, the company wants to get as much of our profit sharing back to give to themselves, as possible, to enrich themselves, to impress Wall Street, and most of all, to keep the Non-Con's from coming unglued when they find out how much PS WE are getting, and they are NOT getting.
#22
Runs with scissors
Joined: Dec 2009
Posts: 7,847
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From: Going to hell in a bucket, but enjoying the ride .
#23
Gets Weekends Off
Joined: Oct 2006
Posts: 439
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I just want to be sure I understand these claims correctly. You are assuming that somewhere in the DPA it spells out what everyone else gets? Then additionally you are saying that the company is over funding the non cons portion of the pool due to incompetence or as a nefarious act aganist the pilots? On top of the fact that all the non con documentation that went out clearly indicated that thier plan pool was 10% up to the previous years profit, then 20%?
#24
Straight QOL, homie
Joined: Feb 2012
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From: Record-Shattering Profit Facilitator
#25
Gets Weekends Off
Joined: Oct 2006
Posts: 439
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#26
I stand corrected. I just remember seeing a graph that showed the 10% to the 2.5b threshold. I hate being wrong, but at least I don't have to stress about being perfect.
#27
Gets Weekends Off
Joined: Nov 2008
Posts: 1,508
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From: I'm here, i'm there, i'm everywhere...
The 2Q PTIX is greater this year than in 2015 yet the amount set aside for profit sharing is about $70 million less. Come 2/14/17 everyone will see just how much of that 14% base pay increase is really a raise and how most of it is just a shift in compensation.
#28
Gets Weekends Off
Joined: Oct 2006
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Yet 50 million more in the pot for the first half of the year.
#29
Okay, I may have been half wrong. But, in the case of half right, shouldn't our ALPA lawyers go deep on the accounting language of the profit sharing? If nothing more than a bargaining tool, then at least a safety net for all of us to say "NO" yet again? They have good lawyers, but we pay enough for some good ones, too. Rattle the chains?
#30
Line Holder
Joined: May 2015
Posts: 1,200
Likes: 33
From: 777 CA
I thought the non cons % went way down? So the total number is sort of irrelevant for the pilots when comparing the PS pool yr over yr?
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