Profit sharing speculation
08-28-2015 | 03:09 PM
#31
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Joined: Dec 2008
Posts: 707
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From: 320 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.
2013, paid out in 2014, was the last year of the straight 15%.
08-28-2015 | 04:35 PM
#34
Gets Weekends Off
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Indeed. Delta board has a 24% estimate, which is actually lower than I would expect.
http://www.airlinepilotforums.com/de...ml#post1925172
http://www.airlinepilotforums.com/de...ml#post1925172
Last edited by APC225; 08-28-2015 at 04:52 PM.
09-17-2015 | 02:54 PM
#37
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From: Captain
Check the new credit card deal they signed today and the expectation by WS for total net profit for 15
4.3 billion !!!! And that's 4 times more than 2014 profit, so multiple the payment for last year x 4 and that's if they give you 10 percent... If they reach the 6.9 percent margins you get 20 percent on that portion then I would say x 5 of what you got last year..
Start looking for shoes I would say
10-08-2015 | 07:41 PM
#38
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From: Captain
After the company looked at the number and how much they have to pay you for profit sharing I guess now they want to talk with a 2 year extension ? Delta tactics to reduce the profit sharing is copied by UAL now? Good luck guys and girls
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