Can't wait until 14 February.

Question, does this number include the early fuel-hedging loss write-off? If so, would this be an indicator of an absolutely stellar Q3/Q4?

 

$324M set aside for Profit Sharing.
This quarter last year $411M set aside. The non-contracts won't like this. It's their part that's being reduced.

 

My question is our profit sharing based on the $1.7 number or the $2.4 number that they show before deducting $614 million in bad fuel hedges?

 

Another question. With these profits, where's our contract sans petty concessions. Stall tactics to avoid retro pay. We will be financing our gains by this obvious tactic. Absolutely no reason to not have a TA today.

 

Asked this question on another post that went archive quickly due to recent news. Anyone know the legal answer to this? Question: let's say that we are still at an impasse come 14FEB17. Under the current contract, is the PS formula a factor for any of the negotiations? Am I off base with the language that shows the following:

Non-cons:
0 - 2.5B = 10%
All over previous year = 20%
(meaning that the $$ amount from 2.5b to previous year is ZERO).

PWA:
0 -2.5B = 10%
2.5B + = 20%

So if we make more than last year, am I mistaken in understanding that the 20% of our profit allocated from the threshold of 2.5 to the previous year of 6ish is still pulled from the profit by contract; however, it is no longer divided into the three ways of the employee pool? Non-cons are not privy to that margin by the recent announcement of their self-funded pay raise. So, in the legal language, does that other 2/3rds go to the other group (i.e. the pilot group)? If so, I'm in no hurry.

 

Not quite sure what you are asking.....but our profit sharing formula of ten percent of first $0-2.5 billion and twenty percent above $2.5 billion does not change. The rest of the employee group will be different.

As to what actually defines the profit sharing pool and who gets what........its so convoluted I'm not sure. Thought it was pretty straight forward in the contract but I guess not..........

Denny

 

That's exactly what I'm asking. The pool of the 20% of profit from 2.5b to previous year has just lost 2/3rds of the recipients due to the new non-con arrangement. What I am asking is for legal clarification on how that 20% of our total profit in that "gray" area is divided up if there is only ONE group that is entitled to it? It appears that the whole value is divided amongst the only remaining group, the pilot group. That would be a BIG egg! Do we need to focus on this? Can we use this? I don't post a lot, but I will when it may be a player. Any post-o-philes have input? Or should I go back to surfing porn?

 

That's how my simple brain interprets it and the not so comforting thing is we haven't heard a peep from DALPA regarding this. This should be outside scope one of the biggest grievances to fight for.

 

The non cons still get 10% above 2.5b. They just go from 10% to 20% once crossing the previous years profit.

 

Sofa, I smell what you're stepping in. Unfortunately dalpa smelled it too, and ran away.

I don't think they're going to pursue your very reasonable interpretation. If you want, email the Contract Administration chairman and enjoy the tap dancing show. Let me know if you can't locate his address.