2014 Profit Sharing?
 

Anybody want to take a shot at the 2014 Profit Sharing breakdown for pilots? Know Q4 isn't in yet but wondering if anybody has some WAG they want to share? Cheers.

Someone somewhere said more profit than 2013 as a starting point for the calculation, but the formula has changed so it lowers our share, making it a wash. I.e., about the same dollar amount into your account.

3-H-2 For profit-sharing based on the years 2012 and 2013, the Company profit sharing plan shall be funded with fifteen percent (15%) of pre-tax profit.

3-H-3 For profit-sharing based on the years 2014 and beyond, the Company profit sharing plan shall be funded with ten percent (10%) of pre-tax profit up to a pre-tax margin of six and nine-tenths percent (6.9%) plus twenty percent (20%) of pre-tax profit in excess of a pre-tax margin of six and nine-tenths percent (6.9%).

I'm going to guess 5% of W-2 gross. I have no math to back that WAG up.

The monthly operational numbers are almost identical to last year, including RASM which are about the same. CASM they haven't announced, but it will be less because of fuel prices are much less than last year. So expectation is Q4 profit greater than last year, not counting one time charges, which don't affect our profit sharing anyway.

Probably pretty close.

2014 Q3 profit margin was 8.75%, Q4 could very well be more.

That would be better. 8.75% minus 40% is 5.25% in the bank.

And what was our profit margin in Q1? :rolleyes:

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?

2014

q1 (-7.00%)
q2 7.64%
q3 8.75%
q4