Originally Posted by sailingfun

Jerry I would read the numbers again. The first thing you have to do is add back in the 1.1 billion paid in profit sharing. 4.5 billion was the profit after deducting the 1.1 billion. That means you need to base your number on at least 5.6 billion. If I recall there were other items that brought the PTIX number up to 6.7 billion or so but that's off the top of my head. There are other things that could push that number higher. If the actual PTIX profit was 4.5 billion then the profit sharing for 2014 would have been 750 million not 1.1 billion.
From the 2014 earnings report:

2014 results include $1.1 billion in profit sharing expense, including $262 million in the December quarter, recognizing Delta employees' contributions toward meeting the company's financial goals.

Originally Posted by BenderRodriguez

The formula are in the contract AFAIK. Can you jot down some numbers for us to show us where you came up with this? Not saying you are wrong, but I'd like to see how you came up with 41%.

The issue I would see is how much ruckus the institutional investors would raise if the pilots were getting 40% of the profits of the company. Frankly I don't see that as sustainable. So here we go. The just say no crowd is gonna say that we just hold out unil we get better payrates. OK, fine. Let's do that. Meanwhile our PS is based on current rates. Somewhere the line of pay increase of X% will cross with profit sharing and that is when we can reasonably expect the company to cave. So in essence, we would be funding our pay increases with the profit sharing by doing nothing. Before ya'll get your panties twisted, I am not advocating monetizing it outside of section 6 or that we need to "rush" to a deal. I am simply saying that if we do nothing, we have in effect monetized it. So how do you reconcile it? At what point is making a deal important?

Originally Posted by gzsg

I think it would help you to look at the ratios.

What percentage of w-2 did we get in 2013 for profit sharing and what was the profit?

What percentage of w-2 did we get in 2014 for profit sharing and what was Delta's profit in 2014?

It would be nice if DALPA provided a chart to help with our understanding.

Originally Posted by gzsg

Wall Street is getting billions from Delta in buybacks and dividends. They can leave our profit sharing alone.

Even if we hit a home run for C2015 we will get half of what we deserve.

Management needs the deal. They can't do the training they need to do.

The schoolhouse is full and we are training off campus. They were warned many, many times. Now I'm sure it's our fault and we need to gut our contract to save them.

You better believe productivity concessions are coming. I hope they are time limited and not permanent like C2012.

Originally Posted by gzsg

In my opinion yes. That's what is great about these forums. Any BS gets challenged.

I believe it to be within 1%.

We have to remember is varies on what we make vs our fellow employees. Our portion will increase significantly with C2015 increased hourly rates that exceed American's. So my estimate is 41%.

2015 24.5% based on $6.2 billion profit.

Originally Posted by gzsg

I think it would help you to look at the ratios.

What percentage of w-2 did we get in 2013 for profit sharing and what was the profit?

What percentage of w-2 did we get in 2014 for profit sharing and what was Delta's profit in 2014?

It would be nice if DALPA provided a chart to help with our understanding.

Originally Posted by pilotjockey

i like what im seeing from you guys about this years profitsharing being over 25% but id rather have my section six raises and 20% more on my payrates with 5.59% profitsharing

give me my money now, i dont trust management to not screw up later

Originally Posted by pilotjockey

i like what im seeing from you guys about this years profitsharing being over 25% but id rather have my section six raises and 20% more on my payrates with 5.59% profitsharing

give me my money now, i dont trust management to not screw up later

Originally Posted by shiznit

Jerry and I pretty much agree...

...but I'll show my math:

10% x 0-2.5B = 250M
1.1B-250M = 850M
850/20% = 4.25b so PTIX was approx. 6.75b (even Sailing is ok with that!)

PTIX 10b:
(.1 x 2.5B) + (.2 x 7.5B) = 1.75B
250M + 1.5B = 1.75B

1.1 = 16.58%
1.75 = 26.37% (based on 2014 wages)

Wage growth of 3% for non contract employees (4% but only 9 mos.)
and no new pilot deal but we increased 3.55% for all 12 months of 2015.

IMO= 25.59% PS Payout

If we have a new PWA, the variables/assumptions will change.