Skywest
#9742
Gets Weekends Off
Joined APC: Jul 2013
Posts: 611
• Pilots will participate in a new profit sharing program that is separate from Operational Performance Rewards and Financial Performance Rewards.
• 6% of the SkyWest Airlines’ annual net income will be distributed to the pilots and will be paid out the February following each applicable annual earnings period (payout to coincide with the Q4 SkyWest, Inc. earnings call).
• 6% of the SkyWest Airlines’ annual net income will be distributed to the pilots and will be paid out the February following each applicable annual earnings period (payout to coincide with the Q4 SkyWest, Inc. earnings call).
#9743
That makes me go "hmmmm". Is SGU planning on long-term financial difficulties and are offering us a percentage of a loss in lieu of hourly raises? I fell for the Bro FO raise so I'm now suspicious of anything they offer other than cash on the barrel-head.
#9744
Gets Weekends Off
Joined APC: Jul 2008
Posts: 4,202
And SkyWest retension bonus to match Endeavors.... $20k per year. At the "Company discretion"..
#9746
Gets Weekends Off
Joined APC: Jul 2013
Posts: 611
JPs email says we get the PPS on top of the existing reward system.
That makes me go "hmmmm". Is SGU planning on long-term financial difficulties and are offering us a percentage of a loss in lieu of hourly raises? I fell for the Bro FO raise so I'm now suspicious of anything they offer other than cash on the barrel-head.
That makes me go "hmmmm". Is SGU planning on long-term financial difficulties and are offering us a percentage of a loss in lieu of hourly raises? I fell for the Bro FO raise so I'm now suspicious of anything they offer other than cash on the barrel-head.
#9748
If true, then here's some quick math based off of last year's income. Segmet profit was nearly $78M (I assume that number is close to "Net Income") and 6% distributed evenly to 3500 pilots is $1335 a person. I assume there's a years of service minimum which would probably narrow the available pool down quite a bit more. In any case, that's a nice addition but I assume the company is getting it back somewhere else.
It's not even. There are multipliers for CA and FO:
CA: 1.15
FO: 0.85
At least it's not longevity-based.
#9749
"They"? Ah yes, the mythical "they", rolled out as a prop any time nebulous and vague arguments fall short
Yes there are people (with previous 121 time) who upgraded in a year (or even less on the Bro). But that was a very small bubble in about the 2005-2006 hire range...the older folks often spent many years in the right seat (of a bro or metro) and everybody since has had at least a four-year wait.
Also...don't count the bro "upgrades" in this context, because the small extra pay relative to jet FO was not worth the QOL hit. It only made sense of you needed TPIC.
Yes there are people (with previous 121 time) who upgraded in a year (or even less on the Bro). But that was a very small bubble in about the 2005-2006 hire range...the older folks often spent many years in the right seat (of a bro or metro) and everybody since has had at least a four-year wait.
Also...don't count the bro "upgrades" in this context, because the small extra pay relative to jet FO was not worth the QOL hit. It only made sense of you needed TPIC.
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