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.

 

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.

 

I was referring to old LCAL contracts, pre UPA. IF you are as well then they were getting hosed too.

 

Idk about that. Reserve is terrible, or so they tell me...but work rules improved quite a bit from where we (LUAL) were. Block or better leg for leg, min 5 hrs per calendar day...never had that at UAL since I've been here. (1997) And 1 for 3.5 TAFB. It's been a decade since we've seen that. Just sayin.

Sled

 

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.

 

I was referring to pre-UPA, although we have the same management so...

 

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.

 

Hey Shiznit, thanks a million for that Analysis. You seem to be some kind of financial guy so when UAL reports their profit for the year 2014, sometime in the 3rd week of January, would you mind crunching the numbers. I'm at a 3rd grade math level and have no clue how to do it.

 

I don't know what ours will be to the penny, but it sure as shootin' won't be two months of my salary.

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."

 

TNo kidding. They're getting so much they had to give some of it out early. FYI, 19% of W2 is just about 10 weeks of pay. Merry Christmas.