Profit-sharing? That's a good one!!EastUS1 said:So why all the concessions then? Why ANY concessions at all? If this is supposedly "industry leading", then where's the profit sharing, just for starters? "industry leading" my arse! This thing's a recipe for quickly becoming the lowest both compensated and quality of life pilots in the big 3 airlines for at least a decade. How do people not see that? Why accept anything with language that leaves the door wide open to hose everyone on future medical expenses? If this is supposedly a show of "Strength" well, I'd rather commune with jellyfish.
I had to pick myself up off the floor after reading that one. I do hope that every US Airways pilot asks their new colleagues, the legacy AA pilots, why they were so stupid as to voluntarily relinquish the 15% first dollar profit-sharing that they had in the bag in 2012. Old AA management offered it up in the 1113 term sheets and the AA pilots gave it up for reduced concessions. They traded away a newly-hatched gosling that is now turning out to lay golden eggs and they sold it on the cheap. And even morons saw those profits coming.
"Buying" back profit-sharing now would be expensive, so that would be a perfect example of "sell low and buy high." That's why many people lose their ass in the stock market. They buy when the price is high.
Parker's on record as being sorta "anti-profit-sharing" for the common worker bee and is unlikely to sell it back to you for cheap. Thank Capt Wilson and Laura "Doug is my soulmate" Glading for that one.
Every other airline that had been thru bankruptcy in the past decade provided profit sharing to its workers, and they gave it away. Brilliant!