Profit Sharing: how much and when?
01-15-2019, 06:50 PM
#62
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Joined APC: Mar 2018
Posts: 1,358
Last year had rising fuel prices, aircraft orders and deliveries, and major storms such as Harvey that cost a bunch of money. I’m grateful for what we have. When the economic cycle heads south again we won’t see anything until the recovery. Either way, it is a negotiated rate that won’t change until we get a new contract someday. My pessimistic guess is somewhere around 2021ish.
01-15-2019, 08:08 PM
#63
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Joined APC: Oct 2005
Position: Trying not to crash
Posts: 1,260
Originally Posted by Itsajob
Last year had rising fuel prices, aircraft orders and deliveries, and major storms such as Harvey that cost a bunch of money. I’m grateful for what we have. When the economic cycle heads south again we won’t see anything until the recovery. Either way, it is a negotiated rate that won’t change until we get a new contract someday. My pessimistic guess is somewhere around 2021ish.
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01-16-2019, 04:48 AM
#66
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Joined APC: Oct 2005
Position: Trying not to crash
Posts: 1,260
Originally Posted by detpilot
I'd rather lock in higher shift pay items that will stick around in a recession, than use capital on a bigger profit sharing percentage...personally.
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01-16-2019, 09:12 AM
#67
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Joined APC: May 2014
Position: Tom’s Whipping boy.
Posts: 1,182
Originally Posted by Fletch727
Sounds like a contractual negotiable item. That’s bs.
01-16-2019, 09:14 AM
#68
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Joined APC: Apr 2008
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Posts: 5,708
Originally Posted by detpilot
I meant soft pay, not shift pay. Can't edit now.
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01-16-2019, 09:32 AM
#69
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Joined APC: Mar 2006
Position: guppy CA
Posts: 5,152
Originally Posted by BMEP100
Ooo, ooo, I know, I know... let’s demand employee ownership of the company, stock options, more board seats. Yeah, that should do it
The time to get a bigger slice of profit sharing is when there's no profits to share. That's when the company will give us a lot of profit sharing for a pittance.
As for stock/options, I can buy that crap on the open market. Let's not be collective Dubinskys and buy into another dumb ESOP and board seats.
