Profit sharing speculation
12-12-2015, 09:41 PM
#51
Gets Weekends Off
Joined APC: Apr 2006
Position: 737 CA
Posts: 2,750
here's my unscientific wag.
1st qtr .6B
2nd qtr 1.3B
3rd qtr 1.7B
4th qtr mean est 2.62/sh @ 373M sh outstanding.... .97B
Total profit...4.6B
last year .....2.0B
So this years profit is 2.3x last years. Which would make your profit sharing check roughly 2.3x last years adjusted for W2 differences. But that's not the whole story. Unlike last year, we've met the 6.9% profit margin, so some of the profit sharing is funded at 20% pre tax profit versus 10%! Double baby. That means MO Money.
My Wag...
12-16% of W2....depending on if the 20% threshold means 50% or 100% Mo Money.
That's versus 3.7% of W2 last year. But I'm gonna hold off on that swimming pool down payment for now.
1st qtr .6B
2nd qtr 1.3B
3rd qtr 1.7B
4th qtr mean est 2.62/sh @ 373M sh outstanding.... .97B
Total profit...4.6B
last year .....2.0B
So this years profit is 2.3x last years. Which would make your profit sharing check roughly 2.3x last years adjusted for W2 differences. But that's not the whole story. Unlike last year, we've met the 6.9% profit margin, so some of the profit sharing is funded at 20% pre tax profit versus 10%! Double baby. That means MO Money.
My Wag...
12-16% of W2....depending on if the 20% threshold means 50% or 100% Mo Money.
That's versus 3.7% of W2 last year. But I'm gonna hold off on that swimming pool down payment for now.
12-12-2015, 10:03 PM
#52
Gets Weekends Off
Joined APC: Mar 2012
Position: B777 CA - SFO
Posts: 728
Originally Posted by jsled
here's my unscientific wag.
1st qtr .6B
2nd qtr 1.3B
3rd qtr 1.7B
4th qtr mean est 2.62/sh @ 373M sh outstanding.... .97B
Total profit...4.6B
last year .....2.0B
So this years profit is 2.3x last years. Which would make your profit sharing check roughly 2.3x last years adjusted for W2 differences. But that's not the whole story. Unlike last year, we've met the 6.9% profit margin, so some of the profit sharing is funded at 20% pre tax profit versus 10%! Double baby. That means MO Money.
My Wag...
12-16% of W2....depending on if the 20% threshold means 50% or 100% Mo Money.
That's versus 3.7% of W2 last year. But I'm gonna hold off on that swimming pool down payment for now.
1st qtr .6B
2nd qtr 1.3B
3rd qtr 1.7B
4th qtr mean est 2.62/sh @ 373M sh outstanding.... .97B
Total profit...4.6B
last year .....2.0B
So this years profit is 2.3x last years. Which would make your profit sharing check roughly 2.3x last years adjusted for W2 differences. But that's not the whole story. Unlike last year, we've met the 6.9% profit margin, so some of the profit sharing is funded at 20% pre tax profit versus 10%! Double baby. That means MO Money.
My Wag...
12-16% of W2....depending on if the 20% threshold means 50% or 100% Mo Money.
That's versus 3.7% of W2 last year. But I'm gonna hold off on that swimming pool down payment for now.
12-13-2015, 08:15 AM
#54
Gets Weekends Off
Joined APC: Oct 2006
Posts: 439
Originally Posted by jsled
here's my unscientific wag.
1st qtr .6B
2nd qtr 1.3B
3rd qtr 1.7B
4th qtr mean est 2.62/sh @ 373M sh outstanding.... .97B
Total profit...4.6B
last year .....2.0B
So this years profit is 2.3x last years. Which would make your profit sharing check roughly 2.3x last years adjusted for W2 differences. But that's not the whole story. Unlike last year, we've met the 6.9% profit margin, so some of the profit sharing is funded at 20% pre tax profit versus 10%! Double baby. That means MO Money.
My Wag...
12-16% of W2....depending on if the 20% threshold means 50% or 100% Mo Money.
That's versus 3.7% of W2 last year. But I'm gonna hold off on that swimming pool down payment for now.
1st qtr .6B
2nd qtr 1.3B
3rd qtr 1.7B
4th qtr mean est 2.62/sh @ 373M sh outstanding.... .97B
Total profit...4.6B
last year .....2.0B
So this years profit is 2.3x last years. Which would make your profit sharing check roughly 2.3x last years adjusted for W2 differences. But that's not the whole story. Unlike last year, we've met the 6.9% profit margin, so some of the profit sharing is funded at 20% pre tax profit versus 10%! Double baby. That means MO Money.
My Wag...
12-16% of W2....depending on if the 20% threshold means 50% or 100% Mo Money.
That's versus 3.7% of W2 last year. But I'm gonna hold off on that swimming pool down payment for now.
12-13-2015, 10:18 AM
#57
Gets Weekends Off
Joined APC: Apr 2006
Position: 737 CA
Posts: 2,750
Originally Posted by Airhoss
I'll tell you what. If we get a decent profit sharing check I promise not to waste it on useless stuff this time...Lookie here!!
Lucky! You ever take it off any sweet jumps?
12-13-2015, 11:27 AM
#60
Gets Weekends Off
Joined APC: Jun 2009
Position: A320 FO
Posts: 373
Someone posted the formula for profit sharing before I ran the numbers. At the end of the 3rd quarter it was ~16.9%. we will see what the 4th quarter brings but 1billion seems right. As far as pool is concerned our (pilots) profit sharing is defined by the UPA. So you can have just the 12000 pilots or all 85000 employees it's doesn't make a bit of difference because of the way profit sharing is determined. (Everyone is using the same formula for 14 and 15 (pilots)).
From the UPA:
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-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.
Long story short profit sharing is based off the financial performance of the company before they determine every work groups profit sharing.
Don't spend it all I one place and if it where me fund your retirement and kids college funds. Get the toys later.....unless of course it is later for you know they pimp your bicycle!
From the UPA:
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-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.
Long story short profit sharing is based off the financial performance of the company before they determine every work groups profit sharing.
Don't spend it all I one place and if it where me fund your retirement and kids college funds. Get the toys later.....unless of course it is later for you know they pimp your bicycle!
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