Delta Pilots Association
02-05-2014, 06:15 PM
#9051
Da Hudge
Joined APC: Oct 2006
Position: Poodle Whisperer
Posts: 17,473
Your math is way off, 80.
The profit sharing pool was $506m this year. The only piece we gave up was 5% of the first $2.5B, which equals $125m. So the total profit sharing pool, absent the change, would have been $631m (506+125). If $506m resulted in an 8.2% payout, then $631 would be 10.2%. So, you received 2% less of your 2013 wages; I doubt that equals $6000.
The profit sharing pool was $506m this year. The only piece we gave up was 5% of the first $2.5B, which equals $125m. So the total profit sharing pool, absent the change, would have been $631m (506+125). If $506m resulted in an 8.2% payout, then $631 would be 10.2%. So, you received 2% less of your 2013 wages; I doubt that equals $6000.
And besides (given that your data is correct, which I'm assuming it is due to your connections), the 10.2% to 8.2% change is a 19.7% reduction.
Last edited by 80ktsClamp; 02-05-2014 at 06:27 PM.
02-05-2014, 06:28 PM
#9052
Gets Weekends Off
Joined APC: Apr 2008
Posts: 1,462
The math is fine, the issue is the input data that I'm working with. How much were we over 2.5 billion? sailingfun seemed to indicate that for our profit sharing purposes we were well above 3 billion which changes the ratio significantly. The biggest divergence would have of course been if we were right at 2.5 billion.
And besides (given that your data is correct, which I'm assuming it is due to your connections), the 10.2% to 8.2% change is a 19.7% reduction.
And besides (given that your data is correct, which I'm assuming it is due to your connections), the 10.2% to 8.2% change is a 19.7% reduction.
02-05-2014, 06:38 PM
#9053
Da Hudge
Joined APC: Oct 2006
Position: Poodle Whisperer
Posts: 17,473
The concession is variable of course depending on how much the company is making. It starts at 33.3% and in this case went down to 19.7% due to the amount above 2.5B. How much were we above 2.5 billion for profit sharing purposes?
02-05-2014, 06:45 PM
#9054
Gets Weekends Off
Joined APC: Apr 2008
Posts: 1,462
a) the profit sharing bucket is $506 million, and
b) the formula is 10% x $2.5 billion + 20% x (X - $2.5 billion)
Solving for "X" yields $1.28 billion
Meaning our total PTIX = $2.5 billion + $1.28 billion = $3.78 billion
02-05-2014, 06:50 PM
#9055
Gets Weekends Off
Joined APC: Oct 2013
Posts: 1,299
02-05-2014, 06:59 PM
#9057
Gets Weekends Off
Joined APC: Oct 2013
Posts: 1,299
So, the 5% of $2.5B that the employee group as a whole lost is $125M. Our 1/3 of that is $41.7M. In a year in which Delta makes at least $2.5B profit, our reduction is worth $41.7M. In a year in which Delta makes less than $2.5B (or even loses money), our reduction is worth less (or even zero).
02-05-2014, 07:00 PM
#9058
Da Hudge
Joined APC: Oct 2006
Position: Poodle Whisperer
Posts: 17,473
The reason everyone was thinking it was so much more of a concession was due to the company publicly reporting a 2.7 billion dollar profit, which would have yielded around a 30% concession.
02-05-2014, 07:00 PM
#9059
Moderator
Joined APC: Oct 2006
Position: B757/767
Posts: 13,088
Okay (and this question is for Johnso too)...
If a flight crew member determines for himself that exactly 8 hours behind the door is sufficient, is he legal?
Or let me ask a similar question... If I decide that 300 knots below 10,000' over the U.S. Is sufficient, have I violated any FAR?
If a flight crew member determines for himself that exactly 8 hours behind the door is sufficient, is he legal?
Or let me ask a similar question... If I decide that 300 knots below 10,000' over the U.S. Is sufficient, have I violated any FAR?
02-05-2014, 07:04 PM
#9060
Moderator
Joined APC: Oct 2006
Position: B757/767
Posts: 13,088
How much QOL loss resulted from ALV+15 (sold by DALPA as only used in international categories)? How about the harrassment caused by the "good faith" sick leave verification? DALPA told us it wouldn't happen. Then they told us it wasn't happening. Finally, they had to admit it was happening..and couldn't do anything about it; the loophole was massive. How about 7 short calls? There's a massive giveback...after we just negotiated for 6 in the merger.
The minor (especially when compared to the company's massive success) improvements are more than offest by QOL and productivity concessions. Bundle that with our profit sharing punt, and C12 is stacking up as a miserable, shortsighted failure. At least we rushed to get it done. You know, "fleeting opportunities" and all..
But thanks for the DALPA sales job rehash. Good times.
The minor (especially when compared to the company's massive success) improvements are more than offest by QOL and productivity concessions. Bundle that with our profit sharing punt, and C12 is stacking up as a miserable, shortsighted failure. At least we rushed to get it done. You know, "fleeting opportunities" and all..
But thanks for the DALPA sales job rehash. Good times.
IDK PD. Why don't you provide us with statistical data that backs your claim? Just how much are reserves being flown to ALV+15. And how many good faith "harassment" sick calls occur each month? Are they even occurring right now? And how many times has anyone sat 7 SCs yet? And will it happen every month? Nope.
When you can come back with actual proof to your claims, then maybe I'll listen.
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