Any "Latest & Greatest" about Delta?
07-19-2010, 12:44 PM
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07-19-2010, 12:49 PM
Works Every Weekend
Joined APC: Dec 2007
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I am curious as to the logic behind this, other than it's in the PWA. If the theory behind profit sharing is that we all busted our hump to make the company money, then shouldn't the pot be shared equally? I'm just a 3rd-year FO, but I worked just as hard at a 30-year CA.
Not trying to stir up a hornet's nest. Just saying...
Not trying to stir up a hornet's nest. Just saying...
Same bonus as a 30 year 777 captain?
Not saying its ridiculous to answer yes. Just saying...
07-19-2010, 12:56 PM
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07-19-2010, 01:10 PM
Happy to be here
Joined APC: Jun 2006
Position: A-320A
Posts: 18,563
I am curious as to the logic behind this, other than it's in the PWA. If the theory behind profit sharing is that we all busted our hump to make the company money, then shouldn't the pot be shared equally? I'm just a 3rd-year FO, but I worked just as hard at a 30-year CA.
Not trying to stir up a hornet's nest. Just saying...
Not trying to stir up a hornet's nest. Just saying...
It is simple, that 777A makes more spends more and should be rewarded more.
Really it is a percentage based reward system.
07-19-2010, 01:12 PM
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"Pre-tax income" (PTIX) means, for any calendar year, the Company’s consolidated pre-tax income calculated in accordance with Generally Accepted Accounting Principles in the United States and as reported in the Company’s public securities filings but excluding: a) all asset write downs related to long term assets, b) gains or losses with respect to employee equity securities, c) gains or losses with respect to extraordinary, one-time or non-recurring events (including without limitation one-time transition or integration costs incurred in connection with the merger of the Company and Northwest Airlines Corporation during the two year period following the merger), and d) expense accrued with respect to the profit sharing plan.
07-19-2010, 01:15 PM
Happy to be here
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Position: A-320A
Posts: 18,563
Question for the peanut gallery:
Do you think DAL might be too conservative when it comes to expanding its network?
I just flew into Denver, and the SWA expansion there is pretty amazing. Over the past few years, they've added a lot of non-stop flights out of there.
My big question is, if SWA identified and under-served market, why couldn't DAL?
Do you think DAL might be too conservative when it comes to expanding its network?
I just flew into Denver, and the SWA expansion there is pretty amazing. Over the past few years, they've added a lot of non-stop flights out of there.
My big question is, if SWA identified and under-served market, why couldn't DAL?
NO!
Not right now. It is the smartest thing they could be doing.
I am not totally convinced we are our of the economic woods and until that is a given, constraint is wise so we do not get caught with our pants down.
On that note, same thing goes for pilot hiring. I prefer to be short, than fat staffed and see pilots thrown off the ship because our leaders miscalculated.
07-19-2010, 01:20 PM
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Position: A-320A
Posts: 18,563
Mine also was not invested, though I think I read that they will correct this today and post date the transactions. The other question I have is that my Year to Date 401K contribution restarted at zero. I wonder if I'll be able to go over the max yearly contribution or if they will catch on to this. On a seperate matter, are our profit sharing checks issued annually or quarterly? Thanks
07-19-2010, 01:23 PM
veut gagner ŕ la loterie
Joined APC: Apr 2008
Position: Light Chop
Posts: 23,286
I just saw a hot blond chick on b concourse that thought it was a good idea to show up for her flight in a bikini. I am not kidding. I was too dumbfounded to take a picture. She was wearing a nice see-through cover-up, though...so that makes it okay, I guess. Actually it's okay with me anyway since she was hot.
07-19-2010, 01:39 PM
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Quote:
Originally Posted by alfaromeo
Basically, you take 15% of the company's pre-tax profit (20% of the amount over $2.5 Billion) and put it in a pool. You then take your W-2 earnings and divide it by the total W-2 earnings of the entire work force and you get your share of the pool. For example a person that makes $50,000 that year would get half as much profit sharing as a person that makes $100,000. There is no decision to be made by the MEC it is all a math calculation.
The system is set up for a "proportional" payment and I think its pretty fair. Suppose we split it evenly as you suggest and it amounted to 5k per pilot. A new hire who might make 15K this year would get profit-sharing equal to 33% of his income. A 2007 hire who say makes 80K would get a 6.25% payment and finally a 777 captain who makes 200k would get 2.5% payment.
Do you consider the above proposed payout more fair than a proportional payout? I for one, as a fairly junior guy (around 30%) do not.
Scoop
Originally Posted by alfaromeo
Basically, you take 15% of the company's pre-tax profit (20% of the amount over $2.5 Billion) and put it in a pool. You then take your W-2 earnings and divide it by the total W-2 earnings of the entire work force and you get your share of the pool. For example a person that makes $50,000 that year would get half as much profit sharing as a person that makes $100,000. There is no decision to be made by the MEC it is all a math calculation.
I am curious as to the logic behind this, other than it's in the PWA. If the theory behind profit sharing is that we all busted our hump to make the company money, then shouldn't the pot be shared equally? I'm just a 3rd-year FO, but I worked just as hard at a 30-year CA.
Not trying to stir up a hornet's nest. Just saying...
Not trying to stir up a hornet's nest. Just saying...
The system is set up for a "proportional" payment and I think its pretty fair. Suppose we split it evenly as you suggest and it amounted to 5k per pilot. A new hire who might make 15K this year would get profit-sharing equal to 33% of his income. A 2007 hire who say makes 80K would get a 6.25% payment and finally a 777 captain who makes 200k would get 2.5% payment.
Do you consider the above proposed payout more fair than a proportional payout? I for one, as a fairly junior guy (around 30%) do not.
Scoop
07-19-2010, 02:01 PM
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Joined APC: Jan 2008
Position: 737A
Posts: 1,890
Quote:
Originally Posted by nwaf16dude View Post
I just saw a hot blond chick on b concourse that thought it was a good idea to show up for her flight in a bikini. I am not kidding. I was too dumbfounded to take a picture. She was wearing a nice see-through cover-up, though...so that makes it okay, I guess. Actually it's okay with me anyway since she was hot.
Just thought this was worth hitting quote on
Hey FTB, thanks...wouldn't want this important development to get over-shadowed by financial mumbo-jumbo. I absolutely could not believe it when I saw her walking down the concourse in a freakin' bikini! I really wish I was working the flight she got on..it would have been hilarious to listen to the cat ranchers *****in' about her.
Originally Posted by nwaf16dude View Post
I just saw a hot blond chick on b concourse that thought it was a good idea to show up for her flight in a bikini. I am not kidding. I was too dumbfounded to take a picture. She was wearing a nice see-through cover-up, though...so that makes it okay, I guess. Actually it's okay with me anyway since she was hot.
Just thought this was worth hitting quote on
Hey FTB, thanks...wouldn't want this important development to get over-shadowed by financial mumbo-jumbo. I absolutely could not believe it when I saw her walking down the concourse in a freakin' bikini! I really wish I was working the flight she got on..it would have been hilarious to listen to the cat ranchers *****in' about her.
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