Quote:
Technically it's not profit sharing, it's performance based pay. A large part of the target calculation is based on profit which surely we will not hit, but we will probably meet some of the other targets triggering a small payout. Originally Posted by ShyGuy
I believe we’ll be the only airline (Air Group) in the country getting a profit share check for 2020.
As far as all the "Debbie Downers" on here, unless there is a drastic downturn going into the spring/summer '21, I doubt we will see furloughs. The company got burned last time they furloughed. They lost money because they had to bring the furloughs back faster than they had estimated, costing them more for training, displacements, etc. Today it would be even worse as we have the cascading training costs of 2 fleet types (for the near future) and we will have to have the ability to come back quickly and grow coming out of this to defend market share against SWA and others to stay relevant. Based on this I think EIL's were an easy sell to the company. Compared to most in the industry, except SWA, we have a good balance sheet. We will get through this.