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Profit sharing 2019

Old 10-15-2019, 06:33 PM
  #11  
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As a year two FO, I am pretty certain I can pay for a meal at Red Lobster this year with my PS, not just make a down payment on it.

For myself, of course.
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Old 10-16-2019, 10:45 AM
  #12  
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Today’s Corporate Communications email highlights “Retirement Plus”. That’s a big build up for the Q3 earnings let down that is on its way. Funny that UAL beat and boosted futures. Must be we’re buying jet fuel from the Mobil Mart and not the Road Runner. Also, our pilot CBA is killing us compared to UAL’s pilot salaries. Standby, because Robin is going to cry these pains out to the world in 3......2......1......EARNINGS CALL!

-Bubs
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Old 10-16-2019, 02:52 PM
  #13  
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Better question would be how big are the ELT bonuses this year?
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Old 10-18-2019, 06:49 AM
  #14  
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We will not get profit sharing this year. We only get profit sharing if the profit sharing pot exceeds a collective 5% of qualified pay. Last year, that number was about $70 million. It's higher this year. Last year, pre tax profit was about $730 million, net of special items. 10% of that was $73 million, minus the 5% cliff of $70 million, meant we got $3 million distributed to the whole company. It was about 0.2% of your income. What an incentive.

In order to get anything, we need to have a pre tax income that exceeds 10 times that higher-than-$70 million figure. I don't think we'll see that so we'll get nothing.

But Blue, you say, the company "already" gave us that 5% in our 401k, so aren't you being unfair? No. We get an industry standard 15-16% 401k contribution, finally. Industry standard does not include double-counted profit sharing contributions, matches, or any other company benefits, just retirement. Any other benefit should be above and beyond the standard retirement contribution, not bundled into it.

No, I'm not bitter. /s
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Old 10-18-2019, 07:04 AM
  #15  
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Classic blueJet

Reinvent language

Now math.

If you don’t agree then you are the problem.

100% cult like behavior.
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Old 10-18-2019, 05:30 PM
  #16  
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Originally Posted by Blue Dude View Post
We will not get profit sharing this year. We only get profit sharing if the profit sharing pot exceeds a collective 5% of qualified pay. Last year, that number was about $70 million. It's higher this year. Last year, pre tax profit was about $730 million, net of special items. 10% of that was $73 million, minus the 5% cliff of $70 million, meant we got $3 million distributed to the whole company. It was about 0.2% of your income. What an incentive.

In order to get anything, we need to have a pre tax income that exceeds 10 times that higher-than-$70 million figure. I don't think we'll see that so we'll get nothing.

But Blue, you say, the company "already" gave us that 5% in our 401k, so aren't you being unfair? No. We get an industry standard 15-16% 401k contribution, finally. Industry standard does not include double-counted profit sharing contributions, matches, or any other company benefits, just retirement. Any other benefit should be above and beyond the standard retirement contribution, not bundled into it.

No, I'm not bitter. /s

We will get nothing but emails saying save money and keep trying. Maybe we can get it next year. It’s a joke
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Old 10-19-2019, 03:13 AM
  #17  
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No.

It was ratified.

The only joke is voting for codifying a zero then complaining about it.
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Old 10-19-2019, 09:20 AM
  #18  
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Originally Posted by BlueJetDork View Post
No.

It was ratified.

The only joke is voting for codifying a zero then complaining about it.
Because it was the only item to vote for in the contract. Moronic statement.
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Old 10-19-2019, 09:47 AM
  #19  
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No it was about 20k last year alone.

You voted for it so **** about not getting it for the next decade.
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Old 10-19-2019, 10:12 AM
  #20  
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Originally Posted by BlueJetDork View Post
No.

It was ratified.

The only joke is voting for codifying a zero then complaining about it.
I was talking about the keep trying emails. Read it again.

Will we see you on the NC? Or is that only if all the sessions are held on the west coast?
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