This right here

 

"the others"...you mean the airlines that pay their pilots profit sharing?

 

When the MEC said one of the benefits of LOA17 was that it decoupled us from Alaska, I didn’t realize they meant we would be below Alaska. How big is their PS check?

 

So 16.5 mil left on the table is your estimate for 12 months of an “18 month” deal. Not chump change when you put it that way.

 

How much profit did AS make vs JB last year?

 

Alaska pilots get a 5% check whether the company makes profit or not.

 

Correct, that payout is based on performance goals set by their BOD each year, but It is not a guaranteed payout unless they meet their performance goals. Has nothing to do with their profits as PSUFlyer stated.

Do you want jetBlue to implement a Performance based program? They don’t need the Unions blessing for that to happen. The way this damn place operates we will never hit those metrics…

 

The B6 chief pilots get performance based bonuses, the structure of which is very similar to Alaska pilots profit sharing/bonus plan. It’s basically equal to a profit sharing check at all other airlines, except I believe has a minimum pay out, similar to Alaska’s, even if the company doesn’t make a profit. So I’d have to see how exactly Alaska’s is written, but I’d almost prefer something that has a guaranteed pay out. Regardless of whether it’s contractual or not at alaska, they still get it every year, and therefore needs to be compared in total comp when using them as a comparison. It can’t be dismissed simply because it’s non contractual. And in the strategy going forward, the MEC/NC ought to compare their historic payout to their profit, apply the old no Cliff formula B6 pilots once had, run some numbers, and figure out if it’s a potentially viable plan.

At the end of the day it’s a tool to get the workers to have skin in the game and therefore row in the same direction. How it’s achieved (triggers), and how it pays out under different scenarios is what’s important and can be negotiated. It can in fact pay out even with poor financial performance. Just ask your base chief what his 2022 performance bonus was if you’re curious how much it can be worth even when your company doesn’t turn a profit for the year (there was a moratorium on them during covid but I believe that’s lifted now).

 

You’re missing the forest for the trees. Yes, it’s PBP and not PS, but it’s money in their pocket that we’re not getting.

 

And this year it’s 10.5%