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Old 10-17-2018 | 07:14 AM
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Profit sharing was higher when Obama was in office...just saying.😎
Old 10-17-2018 | 07:22 AM
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Originally Posted by ron kent
profit sharing was higher when obama was in office...just saying.😎
😂🤣😂🤣😂🤣😂🤣😂🤣
Old 10-17-2018 | 08:05 AM
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Originally Posted by ron kent
Profit sharing was higher when Obama was in office...just saying.😎
So we’re my taxes. And Smisek was in office. And we were barely hiring. And the economy wasn’t roaring. And we weren’t growing. We should totally rewind the clock.
Old 10-17-2018 | 08:15 AM
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6%
Maybe a touch more with a good 4q
Old 10-17-2018 | 08:17 AM
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Originally Posted by Grumble
So we’re my taxes. And Smisek was in office. And we were barely hiring. And the economy wasn’t roaring. And we weren’t growing. We should totally rewind the clock.
Bingo!

Also, ISIS was daily news murdering anyone insight. They are essentially gone now. Obama handled them well 🧐. Trump’s varsity team came in and destroyed that JV team in less than a year. Obama couldn’t touch them in 8 years. Unemployment at all time low in 50 years, 401k’s rocketing, paychecks higher than they have been. Yeah...Obama. 😏
Old 10-17-2018 | 08:59 AM
  #16  
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This is why on the contract survey I advocated for a straight PS % at a higher rate vs. a kicker after 10% profit margin...we rarely get there.

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Old 10-17-2018 | 09:40 AM
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Didn't look hard enough.

Found it on the 8k. $252 mil in profit sharing so far for 2018 as compared to $304 mil at the end of Q3 last year. Down $52 mil.

page 9 here: https://www.sec.gov/Archives/edgar/d...018erex991.htm

Delta on the other hand is up $81 mil from $314 to $395 mil. What the heck??? I totally don't understand how we grow revenue and keep costs inline and increase profit, but our PS goes down while Delta grows rev less, has more cost increase, and sees PS go up.
Old 10-17-2018 | 09:49 AM
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What’s the relationship between this quarterly set-aside and actual earnings? Can they underfund and then boost it Q4?

Originally Posted by Sunvox
Didn't look hard enough.

Found it on the 8k. $252 mil in profit sharing so far for 2018 as compared to $304 mil at the end of Q3 last year. Down $52 mil.

page 9 here: https://www.sec.gov/Archives/edgar/d...018erex991.htm

Delta on the other hand is up $81 mil from $314 to $395 mil. What the heck??? I totally don't understand how we grow revenue and keep costs inline and increase profit, but our PS goes down while Delta grows rev less, has more cost increase, and sees PS go up.
Old 10-17-2018 | 10:14 AM
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Originally Posted by Sunvox
Didn't look hard enough.

Found it on the 8k. $252 mil in profit sharing so far for 2018 as compared to $304 mil at the end of Q3 last year. Down $52 mil.

page 9 here: https://www.sec.gov/Archives/edgar/d...018erex991.htm

Delta on the other hand is up $81 mil from $314 to $395 mil. What the heck??? I totally don't understand how we grow revenue and keep costs inline and increase profit, but our PS goes down while Delta grows rev less, has more cost increase, and sees PS go up.
So yes, they get more profit sharing, but we do twice as much WB flying, since 49% of their WB international flying is sent to their JV partners per their own pilot contract! I wouldn’t give up 2,000 WB jobs for another $20k in profit sharing. Its not worth it. Those jobs pay much more than $20k a year plus the movement they create.

I know pilots tend to only look at the difference and make a big deal about it, but I’d rather be here than there, all other things being equal. Especially with 23 787s coming in the next 2 years plus everything else being delivered.
Old 10-17-2018 | 11:00 AM
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Originally Posted by Chuck D
What’s the relationship between this quarterly set-aside and actual earnings? Can they underfund and then boost it Q4?
I haven't read anything specific, but I'm pretty sure accounting rules wouldn't allow that.

Originally Posted by O2pilot
So yes, they get more profit sharing, but we do twice as much WB flying, since 49% of their WB international flying is sent to their JV partners per their own pilot contract! I wouldn’t give up 2,000 WB jobs for another $20k in profit sharing. Its not worth it. Those jobs pay much more than $20k a year plus the movement they create.

I know pilots tend to only look at the difference and make a big deal about it, but I’d rather be here than there, all other things being equal. Especially with 23 787s coming in the next 2 years plus everything else being delivered.
You may be on to something. Delta has more employees than we do, but their salary cost is $500 mil less. Maybe more WB is part of that difference. I also note the DAL pilots over over on their forum are discussing pay banding since their 767s do the majority of their international flying and do not pay the top rate.
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