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Profit sharing for 2019

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Profit sharing for 2019

Old 11-15-2019, 10:19 AM
  #201  
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Originally Posted by APC225 View Post
If any of this extra flying is from picking up an advertised trip, it allows the donor to have greater flexibility in their schedule too.
On the rare occasions that I shop for extra flying, that is my first stop. Help a brother out if you can. Besides, often the trip that they want to drop is better than the garbage in open time, so it’s win win.
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Old 11-15-2019, 10:46 AM
  #202  
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Originally Posted by Itsajob View Post
If the line value stinks, people are going to pick up trips. Those who do straight pick ups probably aren’t senior enough to get anything once it is tagged as premium. With the 756 pay what it is, people will scramble for the -400 because everything that it does is premium when compared to the rest of the fleet. I kind of like people who are willing to pick up trips. They allow me to drop trips when I have something better to do than sit in a little box for several days. People are going to adjust their schedules and pay as they see fit. It’s not my place to tell them that they’re right or wrong.
You’re correct. However, if that’s your stance, it’s also not your place to get upset about the slow pace of negotiations. The NC has the figurative gun. We provide (or withhold) the ammo. I’m not advocating a position, just explaining reality.
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Old 11-15-2019, 10:51 AM
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Originally Posted by Guppydriver95 View Post
You’re correct. However, if that’s your stance, it’s also not your place to get upset about the slow pace of negotiations. The NC has the figurative gun. We provide (or withhold) the ammo. I’m not advocating a position, just explaining reality.
Yes, but So many here are really only concerned about one person and are very short sighted. JMO
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Old 11-15-2019, 11:10 AM
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Originally Posted by Guppydriver95 View Post
You’re correct. However, if that’s your stance, it’s also not your place to get upset about the slow pace of negotiations. The NC has the figurative gun. We provide (or withhold) the ammo. I’m not advocating a position, just explaining reality.
I’m not upset with the pace of negotiations at all. These things usually take a couple of years. The only way that things will go quickly is if we are giving things away. Our NC seems to be holding the line and I’m going to give them every chance to do their job. The company desperately wants more big rj’s. Scope is working and time is working in our favor. I want the right contract, and I’m willing to wait.
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Old 11-15-2019, 12:12 PM
  #205  
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Originally Posted by Itsajob View Post
I’m not upset with the pace of negotiations at all. These things usually take a couple of years. The only way that things will go quickly is if we are giving things away. Our NC seems to be holding the line and I’m going to give them every chance to do their job. The company desperately wants more big rj’s. Scope is working and time is working in our favor. I want the right contract, and I’m willing to wait.
Plus every day that goes by is more time on an already POS 50 seat fleet.
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Old 11-15-2019, 12:18 PM
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Originally Posted by Itsajob View Post
I’m not upset with the pace of negotiations at all. These things usually take a couple of years. The only way that things will go quickly is if we are giving things away. Our NC seems to be holding the line and I’m going to give them every chance to do their job. The company desperately wants more big rj’s. Scope is working and time is working in our favor. I want the right contract, and I’m willing to wait.
I think we’re on the same page👍
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Old 11-15-2019, 12:24 PM
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Originally Posted by JoePatroni View Post
Plus every day that goes by is more time on an already POS 50 seat fleet.
Absolutely. Those things are getting tired and beat up, and it’s only going to get worse. It doesn’t hurt our cause that the passengers don’t like them either. As far as I’m concerned, the regionals can solve their staffing problems by parking them. Since the company says that we are not a good fit for 100 seat jets, I hope that we keep finding used aircraft or get a great deal on new Boeing jets after the Max fiasco is over to cover the flying.
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Old 01-11-2020, 06:44 AM
  #208  
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So do any of you have a percentage figured out yet? Or a ballpark percentage?

Just for planning of course.
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Old 01-11-2020, 07:43 AM
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Originally Posted by sourdough44 View Post
so do any of you have a percentage figured out yet? Or a ballpark percentage?

Just for planning of course.
7.5% +/- 0.75%
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Old 01-11-2020, 01:31 PM
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Originally Posted by sourdough44 View Post
So do any of you have a percentage figured out yet? Or a ballpark percentage?

Just for planning of course.
Assuming the following -

2019 revenue $43.000 billion
2019 profit estimate $3.884 billion
2019 payroll $7.774 billion x 1.054% = $8.194 bil
2018 PS $0.334 billion
Other Est. $0.250 billion


Step 1: total profit plus other plus last years PS : $3.884 +.250 + .334 =$4.468 billion
step 2 what is 6.9% of 43 billion : $43.000 billion x 0.069 = $2.97 billion
step 3 10% of that number is what : $2.97 x 10% = $297 million
step 4 what percentage of payroll is that : $297 million / $8.194 million = 3.62%
step 5 then how much at the 20% level : $4.468 billion - $2.97 billion = $1.498 bil
step 6 what is 20% of that number : $1.498 x 20% = $300 million
step 7 what percentage of payroll is that : $300 / $8194 = 3.66%

low estimate : 3.62% + 3.66% = 7.28%



Another pilot estimated profit would be $400 mil higher so -

Step 1 total profit plus other plus last years PS $3.884 + .650 + .334 = $4.868 billion
Step 2 what is 6.9% of 43 billion : $43.00 billion x 0.069 = $2.97 billion
step 3 10% of that number is what : $2.97 x 10% = $297 million
step 4 what percentage of payroll is that : $297 million / $8.194 million = 3.62%
step 5 then how much at the 20% level : $4.868 billion - $2.97 billion = $1.898 B
step 6 what is 20% of that number : $1.898 x 20% = $380 million
step 7 what percentage of payroll is that : $380 / 8194 = 4.63%

high estimate: 3.62% + 4.63 = 8.25%



Every $100 million increase in net profit is about a 0.25% increase in PS.

The company said PS is about 30% higher than last year: 5.5571% x 1.3 = 7.2242%.
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