BoeingBoy
Veteran
- Nov 9, 2003
- 16,512
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there are sub-categories,so to speak, that fall under expense...fuel, wages and other associated business costs under that heading, that is why I have mentioned .."specifically wages"...keyword: specifically and there is a number
As I said, the company could probably tell you what they've spent for any category you might be interested in - F/A wages, pilot per diem, vacation pay for any group, sick calls, etc. But that sort of detailed breakdown isn't available anywhere else. So anyone else purporting to have such info is making estimates, as is clearly stated in the report cited in the OP.
fuel prices can be used as a recent example and the downturn in the industry.
Glad you brought that up - I thought about using that as an example of the difference between budgeting for an expense and actual spending for that expense given the wild gyrations that fuel prices have gone through this year.
sometimes(based on individual companies) when there is actually a surplus or goals have been achieved, a profit sharing is paid out.
Now you're mixing in a third variable - profit or loss - which is company wide performance. Going over budget on any particular item - like F/A wages - does not necessarily result in a smaller profit since it may be offset by going under budget on other items. Likewise, going under budget on one item can be offset by going over budget on other items. At the end of the year (generally speaking when profit sharing is negotiated) if the company produces a profit some of it is shared. That profit sharing, by itself, doesn't really say anything about how actual expenses (and not just wages) for a particular item compared to the amount budgeted for that item. In short, budgets are forecasts and profit/loss comes from actual expenses vs revenues.
but simply recognizing what has been established in the past, retain, restore and focus on making it better..for not only our group, but the profession as whole..(because we have already merged and the goal now is to move forward).
A very sensible way to look at it from my perspective. All that should matter in any merger is that nobody is worse off after the dust settles than they were before - they enjoy the best of both contracts, as it were. None of the "cost neutral" nonsense that Parker insisted on for the first year or so after the US/HP merger. If more than "best of both" can be achieved, even better.
For some reason that I can't understand, the OP seems intent on "proving" one side currently makes more than the other. Don't know why that's so important, but apparently the OP thinks it is.
Jim