Coming here has been the biggest mistake
03-18-2019, 06:50 PM
#131
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,879
Originally Posted by BlueJetDork
The big lie about DAL profit sharing.
In the 90’s their PS was higher than their current formula. It went down to its current firm in the 2000’s.
So b6 ALPA is half way telling the truth which is kind way of saying: they are lying.
The reason we did not get PS under the old formula was simple.
The cliff.
Every year between 2007 and 2014 we should have received at least 4.8%. But the cliff took it to fund the 401k.
Under the classic pre 2007 formula we would have revived no less than 7%.
But ELT kept hitting it and stealing the funds (changing the formula) that many think PS has no value.
Really dumb!!!
In the 90’s their PS was higher than their current formula. It went down to its current firm in the 2000’s.
So b6 ALPA is half way telling the truth which is kind way of saying: they are lying.
The reason we did not get PS under the old formula was simple.
The cliff.
Every year between 2007 and 2014 we should have received at least 4.8%. But the cliff took it to fund the 401k.
Under the classic pre 2007 formula we would have revived no less than 7%.
But ELT kept hitting it and stealing the funds (changing the formula) that many think PS has no value.
Really dumb!!!
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