|
Originally Posted by Andy
(Post 1784698)
I've heard that for every contract since I've been on property, including C2K. For C2K, it was 'this is a money contract; we'll get work rules back on the next one'.
I'd take that any day over this contract. |
Originally Posted by pilot64golfer
(Post 1784762)
Work rules were pretty nice in C2000. 75 Hour monthly guarantee for reserves, and lineholders with 3rd year Captains making $200/hour.
I'd take that any day over this contract. Current pay is fine. Work rules are terrible. |
Originally Posted by El10
(Post 1784761)
Great conspiracy theory. With that said you do know that our PS formula is an exact copy of the Delta pilots profit sharing formula, right?
|
Originally Posted by Andy
(Post 1784787)
Work rules weren't as good as a lot of previous contracts. And that's the rub. We keep trading work rules for pay raises that don't even keep up with inflation.
Current pay is fine. Work rules are terrible. Sled |
Originally Posted by APC225
(Post 1784523)
Better than LCAL! Management knew exactly when we'd become profitable and we would vote in a contract which had an outstanding profit sharing equation in the unprofitable years but would sunset practically to the month we earned a profit.
|
Originally Posted by krudawg
(Post 1785600)
Are you kidding? You are giving way too much credit for our current management. They a throwing idea's against the wall and seeing what sticks. That's all. No peering into the future, just a lot of "Let's run this up the flag-pole and see who salutes it.
|
Originally Posted by El10
(Post 1784761)
Great conspiracy theory. With that said you do know that our PS formula is an exact copy of the Delta pilots profit sharing formula, right?
Originally Posted by SpecialTracking
(Post 1783626)
Don't forget the upcoming contract when you compare our profit sharing to Delta's. From trip rigs, profit sharing, to the continued interpretation of our living document the UPA, we have been played. Time to unite?
DAL: 10% of the 0-2.5B of PTIX 20% of all PTIX above 2.5B Pensionable (15% of that also adds to their 401k) Contract tidbits: 3-I(Table) Accrue annually; award to be paid within 30 calendar days after the date on which the Company’s annual audited consolidated financial statements are released.The Association will have the right to review the methodology and calculation of awards prior to such awards. 3-1-A-10 “Pre-tax income” (PTIX) means, for any calendar year, the Company’s consolidated pre-tax income calculated in accordance with Generally Accepted Accounting Principles in the United States and as reported in the Company’s public securities filings but excluding: a) all asset write downs related to long term assets, b) gains or losses with respect to employee equity securities, c) gains or losses with respect to extraordinary, one-time or non-recurring events (including without limitation one-time transition or integration costs incurred in connection with the merger of the Company and Northwest Airlines Corporation during the two year period following the merger), and d) expense accrued with respect to the profit sharing plan. UAL: 10% of the 0-6.9% PTIX margin 20% of the 6.9-up PTIX margin Not Pensionable Contract tidbits: 3-H-1 Pilots shall participate in the Company profit sharing plan. 3-H-4 Special and unusual items shall be excluded from pre-tax profit when making the calculations in Sections 3-H-2 and 3-H-3. What happens as the enterprise gets bigger? The 0-6.9% PTIX margin number grows. The total dollars of PTIX will get divided differently as the company gets larger so the 10% threshold grows, and eats into the portion paying 20%. The devil is definitely in the details. |
Originally Posted by shiznit
(Post 1786545)
Nope... Not exactly, and not in a good way.
DAL: 10% of the 0-2.5B of PTIX 20% of all PTIX above 2.5B Pensionable (15% of that also adds to their 401k) Contract tidbits: 3-I(Table) Accrue annually; award to be paid within 30 calendar days after the date on which the Company’s annual audited consolidated financial statements are released.The Association will have the right to review the methodology and calculation of awards prior to such awards. 3-1-A-10 “Pre-tax income” (PTIX) means, for any calendar year, the Company’s consolidated pre-tax income calculated in accordance with Generally Accepted Accounting Principles in the United States and as reported in the Company’s public securities filings but excluding: a) all asset write downs related to long term assets, b) gains or losses with respect to employee equity securities, c) gains or losses with respect to extraordinary, one-time or non-recurring events (including without limitation one-time transition or integration costs incurred in connection with the merger of the Company and Northwest Airlines Corporation during the two year period following the merger), and d) expense accrued with respect to the profit sharing plan. UAL: 10% of the 0-6.9% PTIX margin 20% of the 6.9-up PTIX margin Not Pensionable Contract tidbits: 3-H-1 Pilots shall participate in the Company profit sharing plan. 3-H-4 Special and unusual items shall be excluded from pre-tax profit when making the calculations in Sections 3-H-2 and 3-H-3. What happens as the enterprise gets bigger? The 0-6.9% PTIX margin number grows. The total dollars of PTIX will get divided differently as the company gets larger so the 10% threshold grows, and eats into the portion paying 20%. The devil is definitely in the details. |
Originally Posted by El10
(Post 1784761)
Great conspiracy theory. With that said you do know that our PS formula is an exact copy of the Delta pilots profit sharing formula, right?
Delta Takes Aim at American for Its Lack of Profit Sharing - TheStreet FNEW YORK (TheStreet) -- Some people in Atlanta seem to be getting a kick out of labor's call for profit sharing at American (AAL) Stories on a Delta (DAL) employee Web site, posted Monday and Tuesday, attack rival American for not paying profit sharing in a year when Delta will pay out more than $1 billion. Tuesday's story began: "Despite pressure from his employees to implement a profit-sharing program, American Airlines CEO Doug Parker said Monday that profit sharing is outdated." The story quoted Parker, in an interview with Reuters, as saying, "We should move back to what normal industrial companies do, which is pay people [what] they earn" without profit sharing. It also quoted from a 2007 US Airways press release, issued after the company distributed profit-sharing checks, as saying: "I'm delighted that today our employees will share in this success through our profit-sharing program." At the time, Parker was US Airways CEO. The story noted that Alaska (ALK) , Southwest (LUV) and United (UAL) all have profit-sharing programs, and said "Delta is expected to pay more than $1 billion in profit sharing to employees for 2014, the highest payout in the industry. Total 2014 profit sharing for Delta employees will average nearly two months' salary." |
T
Originally Posted by shiznit
(Post 1786545)
DAL: Pensionable (15% of that also adds to their 401k
UAL: Not Pensionable The devil is definitely in the details. The APA recently estimated and stated that DL would give out profit sharing worth 19% of the W2 (2014's W2) for 2015. (Feb 14th, although 5% was already given in October, so 14% in Feb). That's in addition to the higher rates. Plus, that profit sharing check (s) also has an additional 15% DC fund tagged onto it. So, a $20K check (pre tax) would have an additional $3K put into the DC fund as well. |
| All times are GMT -8. The time now is 06:53 PM. |
Website Copyright © 2026 MH Sub I, LLC dba Internet Brands