Any "Latest & Greatest" about Delta?
10-22-2012, 08:14 PM
Works Every Weekend
Joined APC: Dec 2007
Position: 737 ATL
Posts: 3,506
We might have taken a big hit on the profit sharing for this year. Depends on the level of profits.
Read the fine print.
We still get the 15% this year but the 20% doesn't kick in until profits reach $2.5 billion.
It used to start at $1.5 billion in the previous contract.
It will be interesting to see how much we gave back with that item.
It will be REALLY interesting in 2013 when the 15% drops to 10%.
That little detail could cancel out our entire 4,8,3,3 "raise".
It's OK though. We brilliantly negotiated to work more hours each month to make up the loss.
Last edited by Check Essential; 10-22-2012 at 08:29 PM.
10-22-2012, 09:08 PM
Gets Weekends Off
Joined APC: Feb 2008
Position: Urban chicken rancher.
Posts: 6,070
Not exactly true.
We might have taken a big hit on the profit sharing for this year. Depends on the level of profits.
Read the fine print.
We still get the 15% this year but the 20% doesn't kick in until profits reach $2.5 billion.
It used to start at $1.5 billion in the previous contract.
It will be interesting to see how much we gave back with that item.
It will be REALLY interesting in 2013 when the 15% drops to 10%.
That little detail could cancel out our entire 4,8,3,3 "raise".
It's OK though. We brilliantly negotiated to work more hours each month to make up the loss.
We might have taken a big hit on the profit sharing for this year. Depends on the level of profits.
Read the fine print.
We still get the 15% this year but the 20% doesn't kick in until profits reach $2.5 billion.
It used to start at $1.5 billion in the previous contract.
It will be interesting to see how much we gave back with that item.
It will be REALLY interesting in 2013 when the 15% drops to 10%.
That little detail could cancel out our entire 4,8,3,3 "raise".
It's OK though. We brilliantly negotiated to work more hours each month to make up the loss.
10-22-2012, 09:16 PM
Gets Weekends Off
Joined APC: Feb 2008
Posts: 2,324
10-22-2012, 09:18 PM
Gets Weekends Off
Joined APC: Feb 2008
Posts: 2,324
10-22-2012, 09:41 PM
Da Hudge
Joined APC: Oct 2006
Position: Poodle Whisperer
Posts: 17,473
That's what I thought. Thanks for the confirmation, buzz!
10-22-2012, 09:43 PM
Da Hudge
Joined APC: Oct 2006
Position: Poodle Whisperer
Posts: 17,473
10-23-2012, 03:04 AM
Gets Weekends Off
Joined APC: Feb 2008
Posts: 2,539
Not exactly true.
We might have taken a big hit on the profit sharing for this year. Depends on the level of profits.
Read the fine print.
We still get the 15% this year but the 20% doesn't kick in until profits reach $2.5 billion.
It used to start at $1.5 billion in the previous contract.
It will be interesting to see how much we gave back with that item.
It will be REALLY interesting in 2013 when the 15% drops to 10%.
That little detail could cancel out our entire 4,8,3,3 "raise".
We might have taken a big hit on the profit sharing for this year. Depends on the level of profits.
Read the fine print.
We still get the 15% this year but the 20% doesn't kick in until profits reach $2.5 billion.
It used to start at $1.5 billion in the previous contract.
It will be interesting to see how much we gave back with that item.
It will be REALLY interesting in 2013 when the 15% drops to 10%.
That little detail could cancel out our entire 4,8,3,3 "raise".
The raising of the trigger for 20% profit sharing came with the JCBA. Standalone Delta's trigger was 20% above $1.5 billion in PTIX, but Delta was only a $19 billion revenue as a standalone company in 2007. The increased profit sharing would have come when pretax income equaled about 8% of revenue. Adding in NWA's $13 billion in revenue changed that equation. Increasing the 20% trigger to $2.5B adjusted the profit sharing payout to the same ratio (about 8%) as we had pre-merger.
So it's not like you describe it at all.
10-23-2012, 04:16 AM
Doing Nothing
Joined APC: Aug 2010
Posts: 1,316
10-23-2012, 04:17 AM
Doing Nothing
Joined APC: Aug 2010
Posts: 1,316
I'm not going to argue because we're friends. hahaha ... but I have seen the autopilot come off without under running the tanker. I shudder to think what would have happened had we under ran the tanker and that autopilot came off. That would not have had a good outcome.
10-23-2012, 04:24 AM
The Brown Dot +1
Joined APC: Jun 2009
Position: 777B
Posts: 7,775
Nope.
The raising of the trigger for 20% profit sharing came with the JCBA. Standalone Delta's trigger was 20% above $1.5 billion in PTIX, but Delta was only a $19 billion revenue as a standalone company in 2007. The increased profit sharing would have come when pretax income equaled about 8% of revenue. Adding in NWA's $13 billion in revenue changed that equation. Increasing the 20% trigger to $2.5B adjusted the profit sharing payout to the same ratio (about 8%) as we had pre-merger.
So it's not like you describe it at all.
The raising of the trigger for 20% profit sharing came with the JCBA. Standalone Delta's trigger was 20% above $1.5 billion in PTIX, but Delta was only a $19 billion revenue as a standalone company in 2007. The increased profit sharing would have come when pretax income equaled about 8% of revenue. Adding in NWA's $13 billion in revenue changed that equation. Increasing the 20% trigger to $2.5B adjusted the profit sharing payout to the same ratio (about 8%) as we had pre-merger.
So it's not like you describe it at all.
Check's numbers are right out of the section 3 profit sharing tables. How is it not like he describes at all?
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