Boatbuilder

First off I'm not generally in favor of trading away profit sharing. I see it as good for the company and the employees.

However looking at the alternative and considering the history of this industries profits and the threats against us is there a value in monetizing profit sharing while we are making huge profits? Locking in the gains so to speak?

DeadHead

here we go again.

Mesabah

No, pay rates, and profit sharing should be kept separate of each other. Also, it was forced on you as a concession to sell a bankruptcy contract.

scambo1

I think the concern is not that we are trading for gains, but the rumors actually make C15 seem equal to and/or worse that what we are currently working under, financially speaking.

MOTOJOE

Boatbuilder is right! Lock in the PS PERCENTAGE NOW. plus our % pay raise. RA is gone after this yr. he said it himself. Who knows which way this ship will go after him?

Army80

Scambo,

I'm really a pilot.

Using the C1 "shopping cart" analogy do you think:

1. We should vote no if their cart has more than our cart?

2. We should vote no if their cart and our cart are about equally full?

3. We should vote no if their cart has less than our cart?

4. If their cart has anything in it?

Many seem to think that it's an automatic NO vote if it's #4. I don't see that as a realistic bargaining strategy.

Winding the clock and possibly going back to square one is a course of action that warrants exploration.

However, if you believe that any deal we get HAS to have an empty company cart, I'm not with you.

Not real excited about the deal, if the rumors are true.

Fly safe.

D Mantooth

Serious question:

Would you trade 10% lower payrates for 10% higher profit sharing?

I certainly wouldn't.

So why the angst over a "rumor" of the converse? How did profit sharing become some sacred cow, when for many years on many properties it was worthless? Shoot, I recall the derision when it was negotiated in the first place.

I'm all for keeping the top end of profit sharing. It protects us from looking like schmucks if the company is wildly successful. But why wouldn't I trade some of the bottom end? It's a defined number. Give it to me in my payrates.

It seems many here are making the mistake of believing these good times will last forever.

I'm all for exchanging a "probably" dollar tomorrow for a "definitely" dollar today.

Commando

Just remember this everyone. 11 years ago, yes 11 years ago, The MD-11 Hourly rate was $318 an Hour. With 1-2% inflation, that number is much higher. $360.00? With Delta then making much less Revenue, and an A-plan.

So please for the rest of us, don't settle for crumbs.

Al Czervik

Search the AA contract thread. It's identical to what's happening here. Same management crap in great times. Same Union collusion. Same remarks. Sad what negotiations have become.

Boatbuilder

Sorry to rehash old topics, but I like to look at all options and consider past history. The profit history of this industry is not very consistent. Sure right now things are wonderful and I'm thankful for it, but I wouldn't count on it to continue.
This industry is NOT proactive, it's reactive and it keeps making the same mistakes over and over. Just look at the ticket sales at SWA. Same old shtick.
Delta likes to make a big deal about paying down debt. That's all well and good, but at some point we are going to need to spend some big bucks. The Mad Dogs need replacing, our tech is ancient and other parts of our fleet are getting up there too.
Right now it's all about looking good for the street. Short term stuff. Stock buybacks and "shareholder value"

All that being said the % increase would have to be VERY significant for me to consider a yes vote for a TA that modified PS.