Profit Sharing?

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01-13-2023, 04:08 PM

sleeves

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Position: 737 fo

Posts: 908

Profit Sharing?

I really have not been paying too close attention but it seems we might pull a yearly profit. I know we had a terrible 1Q but I think we did ok in 2Q and 3Q. If 4Q is good, and I think it should be, maybe we will get a check?

01-13-2023, 04:10 PM

82spukram

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So at the end of the 3rd quarter we were break even. Wall Street is expecting us to make around 700 million.

my guess and it’s only a guess ~2% depending on what we make minus special charges.

01-14-2023, 06:12 AM

Sunvox

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This is what we know so far. If we did as well as Delta and American in Q4 then hopefully we might actually see a decent check in the 3% range. Would be nice!

Quote:

We are excited to announce with our return to profitability, we will see a profit sharing payout! This will be the first profit sharing payout since 2019 and signifies yet another milestone in our recovery journey.

Because profit sharing is based on our full-year results, the exact payout amounts will vary based on our financial performance in the fourth quarter. However, our return to profitability in the second quarter followed by our strong performance in Q3 means we are forecasting pre-tax profits above $10 million for 2022, which is our profit sharing payout threshold. This means all employees eligible for profit sharing can expect a payout in early 2023.

01-14-2023, 01:47 PM

Sniper66

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2%
my guess

However retro
Anything less than 14/5/5/18
2019,20,21,22 and partial 23
Will be unacceptable

01-15-2023, 04:32 AM

JTwift

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Quote:

Originally Posted by Sniper66

2%
my guess

However retro
Anything less than 14/5/5/18
2019,20,21,22 and partial 23
Will be unacceptable

As spoken by a higher-up at TK, "Kirby doesn't do retro because it incentivizes the pilot group to delay negotiations."

Yes, that was actually said.

01-15-2023, 04:55 AM

Spesiellsporing

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Quote:

Originally Posted by JTwift

As spoken by a higher-up at TK, "Kirby doesn't do retro because it incentivizes the pilot group to delay negotiations."

Yes, that was actually said.

If true, comments like that concern me for our future. Retro just recoups Section 3 losses. Nevermind the rest of the contract we don't benefit from after the amendable date including the 16% company 401k contribution.

01-15-2023, 04:56 AM

drywhitetoast

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Quote:

Originally Posted by JTwift

As spoken by a higher-up at TK, "Kirby doesn't do retro because it incentivizes the pilot group to delay negotiations."

Yes, that was actually said.

Was this a senior TK shuttle driver?

01-15-2023, 06:04 AM

JTwift

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Quote:

Originally Posted by drywhitetoast

Was this a senior TK shuttle driver?

No. This was said during their "please come be an instructor" thing last September.

01-15-2023, 06:34 AM

Spesiellsporing

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Quote:

Originally Posted by JTwift

No. This was said during their "please come be an instructor" thing last September.

What was the response from the crowd when that statement was made? Nodding in agreement, complicit silence, or comments of "You have got to be kidding me"

01-15-2023, 06:41 AM

#10

FlewNavy

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Quote:

Originally Posted by Spesiellsporing

What was the response from the crowd when that statement was made? Nodding in agreement, complicit silence, or comments of "You have got to be kidding me"

They were all on probation at the time so most likely nodding in agreement followed by WTF comments in the Dtree bar.