jsled

If I ever get that high off the ground....I put the gear up and keep climbing!

Airhoss

The fire makes it more cooler.

jtriple7

Anybody know how the amount is different this time more or less with the 10% then 20% over a certain profit compared to what it would be under the 15% basis like previously. Thanks.

GoCats67

It has been a couple of years since we were on the 15% plan. It was definitely the 10% and 20% plan last year (although we didn't make enough profits to have any at the 20% level)

The story that we were told at the last ORD Council meeting was that we had to make 2.7 billion before we got into the 20% range. So, my expert math skills tell me, that 2.7 billion at 10% plus another 2.7 billion at 20% would be the same as 5.4 billion at 15% (better check my math). So that would mean that we would need to make 5.4 billion or more to equal the old PS rate.

The other hard part is that other employee groups have changed their profit sharing percentages even more than ours ( I think some down to 1% ) , so simply comparing the dollar amounts in last year's pool to the amount in this year's pool doesn't give you an accurate comparison to figure out what your payout will be this year.

krudawg

Your math is as good as mine - clear as mud now

Sunvox

ALPA is forecasting 12-13% of W2 last I read. Company results said 698 million accrued in total employee profit sharing for 2015 which is about 3 times the amount of last year.

krudawg

That's a forecast; we have hard numbers now. Is ALPA's 12-13% going to hold?

82spukram

So I am not questioning ALPA and I am sure they got it right but I came up with ~18%. Every quarter except Q1 we were in the 20% with margins of 6.8%, 12.7%,18.9%,and11.9%. Like I said I am sure ALPA has it dead on. I only replied because someone quoted me before when I worked the numbers based off the first 3q. No matter how you slice it it's nice to see good profits and some cleaning up on the balance sheet along with mainline growth (since I started here in late 2013 we went from 690 airframes to 738 by end of 2016). Hope to hear a NSNB order and increasing number of mainline aircraft. For me profit sharing just goes to pay for the kids college fund some years it's going to be big some years it will be small but it gravey for them. I hope ALPA came in low as to not over promise but by the time they stated 12-13% the numbers were all but finalized. Not much would change. Guess we will know soon. They had the number out within 48 hours last year.

Sunvox

Last year's profit sharing pool was $235 million and this year's pool is $698 million. I didn't look at my W2, but I think I got 4% last year so triple that would mean 12%.

That's a SWAG based on memory, but it does jibe with what ALPA is saying.

Hilltopper89

That seems to make sense but I don't think the equation is that simple. Others here can add numbers to my speculation.