Profit sharing

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04-09-2022 | 07:37 AM

#11

PSU Flyer

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Joined: Jul 2011

Posts: 476

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Quote:

Originally Posted by Flyby1206

And the company will need a new contract in order to fully implement the SyNeRgiEs of the merger, so this should be some decent leverage for us.

Like LOA17?

04-09-2022 | 08:25 AM

#12

SaintNick

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Joined: Aug 2019

Posts: 1,200

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Quote:

Originally Posted by PSU Flyer

Like LOA17?

but we are actuallly joking up with pilots who will have a spine.

04-09-2022 | 08:29 AM

#13

PSU Flyer

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Joined: Jul 2011

Posts: 476

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Quote:

Originally Posted by SaintNick

but we are actuallly joking up with pilots who will have a spine.

I hope so. I’m just worried about our 60% who don’t recognize leverage, believe everything they’re told, and don’t know their worth.

04-09-2022 | 01:09 PM

#14

pilotpayne

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Joined: Oct 2012

Posts: 3,274

Likes: 55

From: 190 captain and “Pro-pilot”

Quote:

Originally Posted by Flyby1206

And the company will need a new contract in order to fully implement the SyNeRgiEs of the merger, so this should be some decent leverage for us.

if we don’t get it there we will never get it.

04-10-2022 | 06:54 AM

#15

DrSours

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Joined: Mar 2022

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Just purchase some JetBlue stock...and poof...You have profit sharing!

04-10-2022 | 08:24 AM

#16

MainlineFlyer

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Joined: Oct 2017

Posts: 436

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Quote:

Originally Posted by DrSours

Just purchase some JetBlue stock...and poof...You have profit sharing!

Small shareholders of B6 are arguably the second biggest victims of this management team, following the employees of course. Holding anything less than a board seat worth of shares of this company is just asking to be taken advantage of.

The second they see free cash they go after the most bone headed investments they can, and absolutely refuse to invest in the product. (I include operational performance, customer service, and employee morale in "product".)

After that its stock buybacks no matter how inflated the stock price.

04-12-2022 | 04:59 PM

#17

nene

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Joined: Nov 2020

Posts: 2,248

Likes: 107

Quote:

Originally Posted by DrSours

Just purchase some JetBlue stock...and poof...You have profit sharing!

That pays the same as employee profit sharing......a quick search reveals $0 stock dividends to date.....

04-15-2022 | 09:50 AM

#18

BlueJetDork

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Joined: Mar 2016

Posts: 972

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Quote:

Originally Posted by crash312

From JB's APC profile page:

Profit Sharing: Profit Sharing: Pilots receive pro rata share of the 10% of adjusted pretax income before profit sharing and special items up to a pre-tax margin of 18%. The result is reduced by 5% of eligible compensation. If the Company’s resulting pre-tax margin exceeds 18%, Pilots will receive profit sharing based on their pro rata share of 20% of profits above the 18% pre- tax margin computed as above.

= $0.00!!!!

04-15-2022 | 01:03 PM

#19

avi8orco

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Joined: Feb 2009

Posts: 740

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Quote:

Originally Posted by BlueJetDork

= $0.00!!!!

….and all the pilot group’s “helping out” multiplied by the company putting a 0 in the equation always equals 0. Just remember that when CS calls begging at 2am on your one Saturday off in a year.

04-18-2022 | 11:39 AM

#20

BlueJetDork

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Joined: Mar 2016

Posts: 972

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Quote:

Originally Posted by avi8orco

Or stop voting for a contract that codifies a formula that nets 0.0% in perpetuity.

74% voted for 0.0%!

So pardon me for getting every weekend off in perpetuity and when I decide to pick up an extra $7K twice a month, for a 1 leg and Mint seat back, I WILL!