profit shares
- Thread starter l8rd8r
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Contract page 30 -10, below is not word-for-word.
The flight attendant group will receive no less than 14.5%
Individula flight attendant's profit sharing payment will be based on the flight attendant's gross W-2 earnings (before elective deferrals) divided by the gross W-2's (before elective deferrals) of all eligible flight attendants. Blah, Blah, Blah.
So, each flight attendant will receive different amounts based on how the formula works out for them.
Travelpro72
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As talked about in another thread....THIS IS ANOTHER BLOW TO THE RESERVE. Unfreakin believable.
sky high states:
It's based upon performance. Let's throw the BLOCKHOLDER into this. Say I e.t.b. most of my trips and fly only 50 HOURS for the month, all year long. That's working for the company approx. 10 DAYS a month. And say, someone else flies 110 HOURS per month. Picking up those e.t.b. trips. Working some 22 DAYS a month.
Each person is given an appropriate amount of PROFIT SHARING based upon their CONTRIBUTION of work to the company.
only stating opinions.
Informed1
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They just don't get it!! The blockholder has the option to drop down to 50 (now 40). OPTION, is the key word. They get their time. If they don't want it, they drop it. The reserve does not have the ability to get their time unless they give up the 11 little days off up. Why is this so hard to understand? Choosing to make less money is much different than not having the option to make money.
Travelpro72
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Listen, I have 3 vacation days for Feb that I didn't bid for so thought I'd bid for reserve lines with days off OVER my vacation to slide it and work some ETB. Yeah, well I am ONLY able to do a damn 3day trip. That is it. I have 6 days on duty before my days off and after. I can't even do a damn 1day. People that say they ETB like crazy as a reserve must have vacation or the seniority to hold a reserve line with a chunk of 4 to 5 days off in a row. It's pathetic. So a b/h can fly their A$$ES off and get the fatter check? There is NO WAY IN HELL a reserve can possibly fly as much as a b/h has the luxury to do. So the b/h gets the larger profit sharing check. Thats not fair. I gave ove 11,000 a year and I get less? This is total crap. AGAIN, ANOTHER EXAMPLE OF THE RESERVE GETTING :mf_boff:
It isn't fair for reserves.
I am also irritated as I was hurt while working last year so my earnings were much lower than any previous year. My W2 for last year was about $12,000 less than normal. If I didn't have bad luck, I would have no luck at all. :huh:
I am also irritated as I was hurt while working last year so my earnings were much lower than any previous year. My W2 for last year was about $12,000 less than normal. If I didn't have bad luck, I would have no luck at all. :huh:
So we voted that in too. Guess the 40 hour senior mama just got hers too.
I feel your pain. I wasn't hurt, but at MidAtlantic until May then recalled to mainline in June. I won't hold my breath on getting any credit for my time at MidAtlantic.
Since I returned in June I have not made a lot of money. I fully expect to get an invoice from the company for accounting fees for calculating what I won't get. LOL
Yah, and those reserves who were able to rock out on ETB trips will get a nice check! Good deal for them. Paid over guarentee and used to calculate a bonus.
Profit Sharing Announced
***from the Council 66 Eline***
The Company announced today a $507 million dollar annual profit in which $58.7 million will be placed in a profit sharing pool and distributed to employees.
14.5% of this pool or $8,510,870 will be distributed among both East and West Flight Attendants based upon 2006 W2 earnings. Profit sharing checks will be distributed in mid March.
Profit Sharing for East Flight Attendants was negotiated in exchange for contract concessions in the 2nd US Airways bankruptcy filing. West Flight Attendants were included in the profit sharing through the AFA/US Airways Transition Agreement.
How it will work
An individual Flight Attendants 2006 W2 earnings will be divided into the total amount of all Flight Attendant’s 2006 W2 earnings which will give that individual flight attendant’s percentage of the total flight attendant earnings.
This percentage number is then multiplied into the $8,510,870 Flight Attendant Profit Sharing Pool to determine the individual’s profit sharing check amount.
Over the next several days and week we will be compiling information on flight attendants W2 earning totals.
(Individual Flight Attendant W2 divided by Total Flight Attendant W2) times the Flight Attendant pool of $8.5 million = the individual flight attendant check.
Please stay tuned to future hotlines for further details of the distribution process.
***from the Council 66 Eline***
The Company announced today a $507 million dollar annual profit in which $58.7 million will be placed in a profit sharing pool and distributed to employees.
14.5% of this pool or $8,510,870 will be distributed among both East and West Flight Attendants based upon 2006 W2 earnings. Profit sharing checks will be distributed in mid March.
Profit Sharing for East Flight Attendants was negotiated in exchange for contract concessions in the 2nd US Airways bankruptcy filing. West Flight Attendants were included in the profit sharing through the AFA/US Airways Transition Agreement.
How it will work
An individual Flight Attendants 2006 W2 earnings will be divided into the total amount of all Flight Attendant’s 2006 W2 earnings which will give that individual flight attendant’s percentage of the total flight attendant earnings.
This percentage number is then multiplied into the $8,510,870 Flight Attendant Profit Sharing Pool to determine the individual’s profit sharing check amount.
Over the next several days and week we will be compiling information on flight attendants W2 earning totals.
(Individual Flight Attendant W2 divided by Total Flight Attendant W2) times the Flight Attendant pool of $8.5 million = the individual flight attendant check.
Please stay tuned to future hotlines for further details of the distribution process.
NYCDelta
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traderjake
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Are you saying a reserve standing by 22 days a month to cover trips is not making a contribution to the company?
If it were based on performance all the blockholders who called in sick to get Christmas off would get zero.
sky high states: EVERYONE knows how to "work" the system. Whether you're a blockholder or RESERVE. STOP WHINING, AND GIVE SOLUTIONS....which are____________.
So, technically, your saying, a BLOCKHOLDER who flew 22 DAYS A MONTH shouldnt get more "profit sharing" over SOMEONE WHO ETB'ed most of their trips and came in with 50 HOURS every month. EVERYONE IS EQUAL?????????
CHANGE THE VERBIAGE...dont say, "reserve" or "blockholder", say, EMPLOYEE. So, you sat in your crashpad for 5 days. DIDNT WORK. YOU HAVE EMPLOYEES WHO WORK MORE THEN OTHERS............explain how YOU want to pay employees a profit sharing BONUS?????...........huh?
ONLY STATING OPINONS.
Travelpro72
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The profit sharing was negotiated due to all the givebacks that we ALL not a few ALL GAVE. Even reserves lost between 10-12,000 a year. So we NOW have a SH!TTY reserve system that prevents you from flying we have a lower W-2 and in turn receive less? Are we not ALREADY receiving less? Working 22 days or being chained on reserve for 22days. Same difference to me. If not fly reserve. TOTAL BS and will cost Mike F his seat in addition to other things he has done.
