B6 Profit Sharing
01-26-2020, 03:10 PM
#61
Gets Weekends Off
Joined APC: Feb 2013
Position: CA
Posts: 1,209
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?
01-26-2020, 03:49 PM
#62
SDQ Base Chief
Joined APC: Mar 2006
Position: 320 CA
Posts: 5,581
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?
01-26-2020, 06:03 PM
#63
Gets Weekends Off
Joined APC: Oct 2012
Position: 190 captain and “Pro-pilot”
Posts: 2,918
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.
01-27-2020, 01:21 PM
#64
Gets Weekends Off
Joined APC: Apr 2015
Posts: 491
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...
01-27-2020, 01:32 PM
#65
The REAL Bluedriver
Joined APC: Sep 2011
Position: Airbus Capt
Posts: 6,879
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?
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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