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Old 01-26-2020 | 03:10 PM
  #61  
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Originally Posted by Junglejet4life
Notice how the article specifically referenced stock buybacks, but JetBlue leaders say stock buybacks have nothing to do with profit sharing. How can this be?
I don’t think buybacks are considered as operational expenses when considered in profitability.
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Old 01-26-2020 | 03:49 PM
  #62  
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Originally Posted by O2pilot
So the company makes a profit, buy you don’t get any? I though you had profit sharing in your contract?
We have a profit sharing formula in the contract. The formula did not trigger any profit sharing, despite $800m profit and 10% margin...
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Old 01-26-2020 | 06:03 PM
  #63  
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Originally Posted by O2pilot
So the company makes a profit, buy you don’t get any? I though you had profit sharing in your contract?

here we go

nope JetBlue just moves the money around.
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Old 01-27-2020 | 01:21 PM
  #64  
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Originally Posted by Flyby1206
We have a profit sharing formula in the contract. The formula did not trigger any profit sharing, despite $800m profit and 10% margin...
What's the threshold then? JB has only had an annual profit of over $200M 5 times in its existence, so how does making $800M, which is the 2nd highest earnings year ever not qualify for profit sharing?
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Old 01-27-2020 | 01:32 PM
  #65  
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Originally Posted by O2pilot
What's the threshold then? JB has only had an annual profit of over $200M 5 times in its existence, so how does making $800M, which is the 2nd highest earnings year ever not qualify for profit sharing?
They changed the formula a few years ago.

The formula they currently use makes profit sharing virtually impossible to attain. They knew that when they designed the formula. Because Values.
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Old 01-27-2020 | 02:59 PM
  #66  
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But we have a profit sharing task force to come fix everything...all is well
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