Profit sharing

[texasreb]

Hell, Doug won't even give you your 4% you've already earned and you're talking about profit sharing, PROFIT SHARING...

There's a reason why the Delta employees told Parker to take a hike when he came courting Delta Airlines. We weren't so smart. Be careful what you wish for.

 

[luvthe9]

ATLANTA, Feb. 13, 2015 /PRNewswire/ -- Delta Air Lines (DAL) employees today will receive profit sharing as part of the company's $1.1 billion total payout for 2014 the largest payment in the company's history in recognition for their industry-leading performance.
"At Delta, we believe that people, values and culture drive our success," said Richard Anderson, Delta's chief executive officer. "We call it the 'Delta Difference.' It is essential for our employees to have an ownership stake in our business and share in the record-breaking achievements they helped create. Thank you to Delta's 80,000 people worldwide, who made 2014 an exceptional year by taking great care of our customers."

"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]

Thanks. My cynical side says that Anderson & Co are probably drafting the modified formula for 2015 profits so that the total doesn't reach $1.1 billion again. The pilots would have to be paid for that confiscation, but everyone else would just get less and like it.

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.
 
 

There's a reason why the Delta employees told Parker to take a hike when he came courting Delta Airlines. We weren't so smart. Be careful what you wish for.

 
 

"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.

^^^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.

 

[luvthe9]

Never will happen, with this spineless outfit you have to have the guts to fight for it.

 

[700UW]

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.

 

[WorldTraveler]

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.

 

[700UW]

Why did DL Pilots get a 20% raise from June 2012 till December of 2014 while ACS got 3% or 4% depending on which of the three different pay scales has for the same job ie FAs?

 

[Black Magic]

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]

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]

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]

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.

 

[700UW]

You do realize the Pilots and FAs got DL wages plus 7% there is no reason why ramp, and maintenance shouldnt get the same.

 

[WorldTraveler]

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.

 

[700UW]

When are you going to realize PS is not guaranteed, yet wages are?

 

[WorldTraveler]

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.