Originally Posted by krudawg

How could it possibly be that high (19%) from 12.87% as stated by ALPA in the recent email blast. Don't get me wrong, 19% would be awesome but I think it's a little far-fetched.

Originally Posted by pilotgolfer

Or it could be 11%. My point was that it's not official yet.

Originally Posted by ugleeual

Either way I'm buying a new set of irons

Originally Posted by pilotgolfer

I've got some Callaway X-15s you can have. I suck at golf ever since I had kids.

Originally Posted by ugleeual

Thanks for the offer... However I'm not a big fan of cavity back irons. U Need to get the kids out there when old enough and make use of them... Started taking my middle school daughter out driving the cart and out to the range... Golf time increased big time!

Originally Posted by pilotgolfer

The last time my kids were at the driving range together, it lead to a trip to the emergency room. My younger boy caught a 9 iron to the cranium when he wandered into the older boys follow through. Ironically, that was on Fathers Day...and I was at work.

Originally Posted by krudawg

Holy Cow! I hope he is OK

Originally Posted by Dan Jones

. . . .

A. Annual Threshold. After the end of each Award Year, if the Company’s Pre-Tax Profit for that year exceeds ten million dollars ($10,000,000), Awards will be determined in accordance with Section III.B. If this threshold is not met, no Awards will be payable under the Plan for the Award Year.

B. Determination of Awards. Awards will be determined as follows:

1. Determination of Base Percentage A: Base Percentage A is equal to one percent (1%) of Pre-Tax Profit up to and including a Pre-Tax Margin of 6.9%, divided by the total Wages of all Qualified Employees of the Employers for the Award Year.

2. Determination of Base Percentage B: Base Percentage B is equal to one percent (1%) of Pre-Tax Profit in excess of a Pre-Tax Margin of 6.9%, divided by the total Wages of all Qualified Employees of the Employers for the Award Year.

3. Ground Employee Group. For the Ground Employee Group, each Qualified Employee eligible under Section II shall be entitled to an Award equal to the following:

a. The Qualified Employee’s Wages x Base Percentage A x 5 Plus

b. The Qualified Employee’s Wages x Base Percentage B x 10

4. Management and Administrative Employee Group. For the Management and Administrative Employee Group, each Qualified Employee eligible under Section II shall be entitled to an Award equal to the following:

a. The Qualified Employee’s Wages x Base Percentage A x 5 Plus

b. The Qualified Employee’s Wages x Base Percentage B x 5

5. Pilot Employee Group. For the Pilot Employee Group, each Qualified Employee eligible under Section II shall be entitled to an Award equal to the following:

a. The Qualified Employee’s Wages x Base Percentage A x 10 Plus

b. The Qualified Employee’s Wages x Base Percentage B x 20

6. Other Represented Employee Groups. For any Other Represented Employee Group, each Qualified Employee eligible under Section II shall be entitled to an Award equal to the following (unless otherwise provided under the agreement covering such Other Represented Employee Group):

a. The Qualified Employee’s Wages x Base Percentage A x 15 Plus

b. The Qualified Employee’s Wages x Base Percentage B x 15






If the company had an 11.9% profit margin on 4.74 Billion net profit, that means the 6.9% profit threshold is 2.74 Billion (vice Delta at 2.5 Billion)

Determination of Base Percentage A is therefore 1% of 2.74 Billion (27,400) divided by total salaries which I will use an approximation of 6.4 Billion resulting in .00428. For pilots, this is multiplied by 10 resulting in 4.28%

Determination of Base Percentage B, using the formula inclusive of special items that is 5.5 Billion minus 2.74 Billion which is a starting figure of 2.76 Billion, 1% of which is 27,600. Divide this by 6.4 Billion and the result is .00431. For pilots, this is multiplied by 20 resulting in 8.62%

8.62% + 4.28% = 12.9%