Quote:
Originally Posted by Bluedriver
Profit sharing is definitely NOT ok now, but this was a big step in the right direction. The cliff was the single BIGGEST factor in us not getting checks during average/good financial performance years.
Next they need to increase the pool of money set aside. I believe right now it is 10% of profits (the trigger for higher withholdings is absurd), where 15% is more standard. But I haven't looked at all these new contracts at our peers, the average/standard for profit sharing pool set-aside could have improved.
Again, very big step in the right direction.
WRT profit sharing, all 3 legacies now use the same formula to determine the pool, 10% of first 2.5B in profits, 20% of anything over that threshold.
no clue how Alaska and southwest do it.
Congrats, sounds like a win for you guys.