Dave Fitzgerald

Once they officially declare profit sharing, they will publish an option on Skynet how to make the selection. The link is probably not out yet, won't be out for a while.

webecheck

follow the hyperlink on the announcement. It’s there, trust me, I did it.

Sixty N Two

I believe it means after someone explained the math to him and he realized our formula for PS is less lucrative than Delta’s but won’t acknowledge that so throws out a generic statement about how we can’t change everything to match Delta’s language, which of course we aren’t saying here, just saying that Delta’s PS is better because it is based of hard dollars vs ours being based of a percent of profit margin which the company can finagle with costs

But seriously

[QUOTE=Sixty N Two;3578060]I believe it means after someone explained the math to him and he realized our formula for PS is less lucrative than Delta’s but won’t acknowledge that so throws out a generic statement about how we can’t change everything to match Delta’s language, which of course we aren’t saying here, just saying that Delta’s PS is better because it is based of hard dollars vs ours being based of a percent of profit margin which the company can finagle with costs[/QUOTE]


I don’t think this part is right. They have to use the same percentages as what they publish publicly in the SEC filings. I don’t think they want to intentionally reduce the profit margins they present to shareholders just to avoid paying pilots a few extra shekels.

That said, Delta’s formula is better the larger the companies get and since both companies want to grow, Delta’s advantage on this item will only grow.

Aquaticus

Ok I will admit deltas language is better. Our language is similar but inferior. The formula isn't the reason for the huge disparity that a few on here were spouting off at. They are just a more profitable airline.

Aquaticus

Ok I will admit I was wrong. The delta language is better. I though it was historically closer or sometimes under the 2.5b customer in the delta language. We can fix the formula but delta still generates more profits for multiple reasons.

Hawaii50

[QUOTE=Sunvox;3576513

An airline has last minute problems that arise and all of us would agree we want our company to do well so we need to solve the problem of how to staff last minute changes. At United the company's only tool available today is SC or FSB. At AA or DAL or at the regionals they use reassignments. Can the system stand to be improved? Yes. Is it the worst element in our current contract? To me? No. Reassignments are to me far worse.
[/QUOTE]

At Delta at least those are mainly covered by green slips.

Pinseekr9

True, however this ties into the sick leave use. They call in sick inside of the LC reserve window in order to generate the GS. Since they have no regards until the hr limit kicks in for the docs note there is no concern for them.

Our “absence monitoring” program would probably ramp up. Yeah, I know- if you’re sick, you’re sick; but it’s pretty eye opening when you put all of the prices together of how all parts of each contract intertwine and you can’t just take what you like from each company and mash it together. I’m not saying it can’t be done but there are a lot of intricacies that make each contract work differently. At the end of the day though, manning with drive premium.

DWC CAP10 USAF

not true.

A majority of the < 2hrs to report trips are covered by reroutes, and under our current PWA, it’s very possible there is no additional pay.

The TA has better language which results in either 150% or 200% depending on how long you are rerouted.

Sunvox

[QUOTE=But seriously;3578159]Profit Sharing is a topic near and dear to my heart, and I have posted on the topic in great length here. Your comment on finagling costs inspired me to want to respond, but in the course of researching the topic of costs at the two companies I came across an item I will be researching in greater detail once the annual report comes out for both companies. Suffice to say my interest has been drawn to Delta's ownership of a refinery. In years past this line item was minor or even negative, but at first blush it appears to have been the primary driver of the difference in profit for 2022 between UAL and DAL. I will hold final judgment until I can take a deep dive into the numbers, but the latest 10Q shows Delta with $5 billion in additional income from "other" and when you go down to the notes that "other" is largely revenue from the refinery operation. Now how much that impacts profit I have no idea yet, but it does make the revenue side of the equation quite different between the two companies.