Profit sharing
04-06-2022, 12:38 PM
#3
Gets Weekends Off
Joined APC: Oct 2017
Posts: 318
Originally Posted by Skypilotsv1984
NK guy here, I don’t know much about B6 but I’m starting to do research and saw you guys have profit sharing. How does it work and does it usually pay out?
For all intents and purposes we have zero profit sharing.
04-06-2022, 12:50 PM
#5
Layover Master
Joined APC: Jan 2013
Position: Seated
Posts: 4,310
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
Line Holder
Joined APC: Jun 2015
Posts: 94
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
Gets Weekends Off
Joined APC: Jan 2011
Posts: 208
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.
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 APC: Feb 2006
Position: JetRight, JetLeft
Posts: 760
Originally Posted by PotatoChip
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”.
Basically, it is negligible.
Welcome to suck.
GP
04-09-2022, 04:18 AM
#9
Gets Weekends Off
Joined APC: Oct 2012
Position: 190 captain and “Pro-pilot”
Posts: 2,918
Originally Posted by Combatcraig
The reality is the 2nd post in this thread is correct. This company refuses to share profits with its employees. I’ll be shocked if that ever changes at this point.
04-09-2022, 04:22 AM
#10
SDQ Base Chief
Joined APC: Mar 2006
Position: 320 CA
Posts: 5,588
Originally Posted by pilotpayne
we will need a new contract. Soooooo
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