LOA19
10-23-2023 | 03:26 AM
#91
Gets Weekends Off
Joined: Oct 2012
Posts: 3,274
Likes: 55
From: 190 captain and “Pro-pilot”
10-27-2023 | 04:36 AM
#93
SDQ Base Chief
Joined: Mar 2006
Posts: 6,089
Likes: 48
From: 320 CA
JBLU makes $235mil profit for the year. $23.5mil goes to profit sharing pool. How do they split that $23.5mil? They take the total eligible wages from all employees and divide to find a %.
Eligible wages were $900mil. $23.5m/$900m = 2.6%
Each employee gets 2.6% of their annual eligible wages as profit sharing
10-27-2023 | 04:46 AM
#94
The REAL Bluedriver
Joined: Sep 2011
Posts: 6,935
Likes: 0
From: Airbus Capt
I will add to Flyby since you asked about the "trigger". The new trigger for pilots getting something is a reported annual profit.
10-28-2023 | 11:05 AM
#95
Line Holder
Joined: Feb 2009
Posts: 742
Likes: 22
10% of JB profits get distributed to employees as profit sharing.
JBLU makes $235mil profit for the year. $23.5mil goes to profit sharing pool. How do they split that $23.5mil? They take the total eligible wages from all employees and divide to find a %.
Eligible wages were $900mil. $23.5m/$900m = 2.6%
Each employee gets 2.6% of their annual eligible wages as profit sharing
JBLU makes $235mil profit for the year. $23.5mil goes to profit sharing pool. How do they split that $23.5mil? They take the total eligible wages from all employees and divide to find a %.
Eligible wages were $900mil. $23.5m/$900m = 2.6%
Each employee gets 2.6% of their annual eligible wages as profit sharing
…then the big guy will get his cut, then the union will take their 1.85% of the pretax amount…they need those corvette payments too…then you get yours. IOW, you might get a car payment if you’re lucky.
10-28-2023 | 12:16 PM
#96
Line Holder
Joined: Aug 2007
Posts: 1,049
Likes: 7
Wait, I'm looking at the List of Things to Complain About, and under Profit Sharing, right after #1. The Cliff, I see #2. The Formula and then #3. The Company's Inability to Make a Profit. Are we skipping those and going straight to #4. Taxes and Union Dues?
10-28-2023 | 12:16 PM
#97
The REAL Bluedriver
Joined: Sep 2011
Posts: 6,935
Likes: 0
From: Airbus Capt
Which is the same at Delta and United and SWA. You don't need to complain just for the sake of complaining.
10-28-2023 | 01:31 PM
#98
Gets Weekends Off
Joined: Aug 2005
Posts: 324
Likes: 0
You seem to be upset that profit sharing is treated like any other income. What exactly did you expect?
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