Delta Profit Sharing

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10-20-2022, 01:16 PM

#11

JTwift

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Joined APC: Feb 2017

Posts: 1,280

Correct about the new hires. You need a full calendar year to get it. So if you’re hired on Jan 2022, for example, you wouldn’t get PS until Jan 2024.

Delta prorates theirs. So a December 1 hire would at least get 1/12th for that year.

10-21-2022, 06:36 AM

#12

Mudge

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Joined APC: Jan 2018

Position: A320 FO

Posts: 255

I think a 40% raise is in order. Record profits. One of the few industries that can't telework. United Next? Ok. Then put managament's money where thier mouth is.

10-27-2022, 08:58 AM

#13

DashTrash

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Joined APC: Mar 2006

Position: SFO Guppy CA

Posts: 1,112

Delta does have a better profit sharing model than we do, but the cost of that was losing their widebody flying. All things are not equal!!!

10-27-2022, 09:30 AM

#14

Sunvox

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Position: EWR 777 Captain

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The profit sharing formula is not significantly different from UAL to DAL, but DAL's is pensionable. DAL gets more money because they make more money not because the formula is better.

10-27-2022, 09:35 AM

#15

jerryleber

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Position: 787 FO

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Quote:

Originally Posted by Sunvox

The profit sharing formula is not significantly different from UAL to DAL...

Inflation and higher nominal profit values make Delta's formula far more favorable in the medium to long term.

10-27-2022, 09:38 AM

#16

T773ER

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Joined APC: Mar 2007

Posts: 39

It is significantly different as you can see, Delta’s formula is based on a flat dollar(2.5 billion) amount of pre tax profit to trigger the percent pay out whether its 10% or 20% and not as a percent of profit margin like United’s. This is especially significant in this inflationary environment where revenue as a percent is higher but margins are still depressed. Going forward this difference becomes more and more of a benefit to their pilot group.