Profit sharing speculation
08-27-2015 | 06:14 AM
#24
Not on Reserve
Joined: Feb 2011
Posts: 117
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From: Seat 0A
Plan 8-9% at this point. Less if the company manages to screw things up.
08-28-2015 | 09:00 AM
#28
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Joined: Feb 2009
Posts: 85
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From: 767 Captain
The 6.9% threshold equates to about $2.6B. Given that our first two quarters profit was about $1.8B and assuming our last two quarters (historically better) are around $2B, that puts us about $1.9B above last years profit (last year was $1.9B as I recall). The portion above $2.6B that pays 20% is $1.2B. So, you have to consider the reduction from 15% on the first $2.6 to 10%, which would be more or less offset by the increase of $.6B on the first $2.5B, then add the additonal 20% on the last $1.2B. Bottom line; profit sharing of $285M last year ($1.9B X 15%) vs. $400M this year ($2.6B X 10% + $1.2B X 20%). Clear? I need a drink.
08-28-2015 | 09:17 AM
#30
Gets Weekends Off
Joined: Feb 2011
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