Profit sharing
04-06-2022 | 12:38 PM
#3
Line Holder
Joined: Oct 2017
Posts: 436
Likes: 14
For all intents and purposes we have zero profit sharing.
04-06-2022 | 12:50 PM
#5
Layover Master
Joined: Jan 2013
Posts: 4,376
Likes: 9
From: Seated
You guys are being disingenuous! In 2019, our most profitable year ever as a company, I received a check for $231!
Thats nearly 1% of what DL and SWA pilots earned for the same year. We are definitely “in the ballpark”.
Thats nearly 1% of what DL and SWA pilots earned for the same year. We are definitely “in the ballpark”.
04-08-2022 | 09:07 PM
#6
On Reserve
Joined: Jun 2015
Posts: 102
Likes: 0
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.
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.
04-09-2022 | 01:36 AM
#7
Line Holder
Joined: Jan 2011
Posts: 234
Likes: 1
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.
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.
04-09-2022 | 04:12 AM
#8
Gets Weekends Off
Joined: Feb 2006
Posts: 760
Likes: 0
From: JetRight, JetLeft
Basically, it is negligible.
Welcome to suck.
GP
04-09-2022 | 04:18 AM
#9
Gets Weekends Off
Joined: Oct 2012
Posts: 3,274
Likes: 55
From: 190 captain and “Pro-pilot”
04-09-2022 | 04:22 AM
#10
SDQ Base Chief
Joined: Mar 2006
Posts: 6,085
Likes: 46
From: 320 CA
Thread
Thread Starter
Forum
Replies
Last Post
