2014 Profit Sharing?
12-14-2014 | 12:56 PM
#2
Gets Weekends Off
Joined: Feb 2011
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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%).
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%).
12-14-2014 | 02:23 PM
#4
Gets Weekends Off
Joined: Nov 2013
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From: Gets weekends off
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.
12-14-2014 | 05:43 PM
#6
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Joined: Apr 2008
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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%).
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%).
12-15-2014 | 04:39 AM
#9
Gets Weekends Off
Joined: Nov 2010
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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?
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