Profit sharing
- Thread starter bunt3dunk
- Start date
luvthe9
Veteran
- Aug 30, 2002
- 9,464
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1AA said:
"American Airlines chairman and CEO Doug Parker was quoted as saying, in response to a question about profit-sharing: Its just not the right way to pay 100,000 employees that dont have that much impact on the daily profits.
It's a shame we don't have a CEO the caliber of Richard Anderson.
WorldTraveler
Corn Field
- Dec 5, 2003
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Anderson said the 2015 profit sharing formula won't be touched.
and after $3 billion in profit sharing, the only way he can succeed in reducing the amount of profit sharing is if he rolls at least an equal amount into scale wages.
but there has been talk that he does want to increase scale wages because it will force AA's costs up as part of their "me too" clauses to the industry which don't include profit sharing.
^^^this^^^^
believe me that a lot of us wish you did.
there were a lot of that were deeply saddened when Parker took the throne.
may the board come to their senses sooner than later.
DL already cut the profit sharing plan by 33% from a 15% payout to a 10% payout for the year 2013, the only reason they got the 16.58% is that DL topped the billion dollar mark in profits, it wasnt out of their generosity.
The pilots negotiated a reduction for a 20% raise while ACS and FAs got 3% of 4% depending on when they were hired and which of the three pay scales they were on at the time, so the pilots made out while ACS and FAs didnt.
The pilots negotiated a reduction for a 20% raise while ACS and FAs got 3% of 4% depending on when they were hired and which of the three pay scales they were on at the time, so the pilots made out while ACS and FAs didnt.
WorldTraveler
Corn Field
- Dec 5, 2003
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and why did the APFA allow the APA to get raises that were far larger?
don't say they got DL plus 7%.
if DL's non-union FAs set the standard for what AA FAs would get, and Laura Glading proved that is true, then why would anyone want a union that has proven to never negotiate profit sharing as generous as what DL just paid out today - which absolutely pushed DL FAs above the supposedly industry leading contract that Laura crowed about?
despite what you think, there are a whole lot of AA people who would love to be receiving the same amount of profit sharing that DL people are getting - if it meant they were really receiving industry leading pay. and you know what? they should be getting it.
there is a reason why this thread was started by AA people who know better.
don't say they got DL plus 7%.
if DL's non-union FAs set the standard for what AA FAs would get, and Laura Glading proved that is true, then why would anyone want a union that has proven to never negotiate profit sharing as generous as what DL just paid out today - which absolutely pushed DL FAs above the supposedly industry leading contract that Laura crowed about?
despite what you think, there are a whole lot of AA people who would love to be receiving the same amount of profit sharing that DL people are getting - if it meant they were really receiving industry leading pay. and you know what? they should be getting it.
there is a reason why this thread was started by AA people who know better.
Black Magic
Veteran
- Jan 4, 2008
- 937
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700 can spew whatever garbage numbers he wants. At the end of the year the math doesn't lie, Delta's and WN total compensation package will be higher for its employee groups than AA. Too bad so sad, the AA unions were too to dumb not to negotiate better back door deals with DUI Doug.
robbedagain
Veteran
I agree with you USFlyer. Peeps like WT wont ever understand What he fails to understand is if (and that's a big IF) oil prices go up and if the company DOES NOT MAKE A PROFIT NO PS NO PS NO PS Give me higher pay bec even if the company FAILS TO MAKE PROFIT Id still take home higer pay and the PS would not be there..
Black Magic
Veteran
- Jan 4, 2008
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And certain people just will never get it that in a consolidated airline industry if oil prices go up then airlines will pass the costs on to the consumers in ticket prices. When you have just 3 mega airlines AA, DL, and United instead of six beating eachother to a pulp its much easier to have a stable profitable industry. That is why these mergers happened people!!
WorldTraveler
Corn Field
- Dec 5, 2003
- 21,709
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Black Magic has it completely right.
WN has been profitable for decade after decade.
they have built their business model around serving markets where there is little competition and then dominating those markets
Consolidation in the airline industry occurred PRECISELY to create a stable environment where there is much less incentive to kill each other in order to be profitable.
the financial results of the most recent years prove it.
the fact that union supporters continue to spout that profit sharing isn't worth it shows how hopefully ignorant they are about what is going on in the industry and why union membership has fallen so low in the US.
when union leaders continue to be as wrong as they are about so many strategic issues, and profitability of the airline industry is just the latest, it is no wonder that mgmt. has so little trouble winning against them.
Parker won with his carrot for pay raises that didn't include profit sharing. He knew that AA's profitability would soar and didn't want to share it.
AA people will lose.
for years and years into the future.
keep speaking up, Black Magic.
the unionistas will be shown to be wrong. every Valentine's Day for years to come.
WN has been profitable for decade after decade.
they have built their business model around serving markets where there is little competition and then dominating those markets
Consolidation in the airline industry occurred PRECISELY to create a stable environment where there is much less incentive to kill each other in order to be profitable.
the financial results of the most recent years prove it.
the fact that union supporters continue to spout that profit sharing isn't worth it shows how hopefully ignorant they are about what is going on in the industry and why union membership has fallen so low in the US.
when union leaders continue to be as wrong as they are about so many strategic issues, and profitability of the airline industry is just the latest, it is no wonder that mgmt. has so little trouble winning against them.
Parker won with his carrot for pay raises that didn't include profit sharing. He knew that AA's profitability would soar and didn't want to share it.
AA people will lose.
for years and years into the future.
keep speaking up, Black Magic.
the unionistas will be shown to be wrong. every Valentine's Day for years to come.
WorldTraveler
Corn Field
- Dec 5, 2003
- 21,709
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and AA pilots got more than AA FAs.
and, again, DL's FAs are NON-UNION but the APFA had to go running to Parker to match DL's pay increase and still came up short because Parker had no idea that DL would be paying out 16.5% of salaries in profit sharing - which still leaves AA FAs below DL FAs in pay.
it's amazing that you, someone who didn't even stick around at an airline and never worked for AA are here telling AA employees what is best for them.
AA employees know what is best for themselves.
and, again, DL's FAs are NON-UNION but the APFA had to go running to Parker to match DL's pay increase and still came up short because Parker had no idea that DL would be paying out 16.5% of salaries in profit sharing - which still leaves AA FAs below DL FAs in pay.
it's amazing that you, someone who didn't even stick around at an airline and never worked for AA are here telling AA employees what is best for them.
AA employees know what is best for themselves.
WorldTraveler
Corn Field
- Dec 5, 2003
- 21,709
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no, wages are not guaranteed.
AA and US employees have both had them whacked TWO TIMES since 9/11.
and AA didn't even have to go to BK to get one round - even with unions.
the twisted mindset that a union would advise anyone to pass up money today in the hope - and it is at best only a hope - that they will get it down the road is precisely another example of the failed strategies unions have pushed to the detriment of their members.
AA and US employees have both had them whacked TWO TIMES since 9/11.
and AA didn't even have to go to BK to get one round - even with unions.
the twisted mindset that a union would advise anyone to pass up money today in the hope - and it is at best only a hope - that they will get it down the road is precisely another example of the failed strategies unions have pushed to the detriment of their members.
