Roomwithaview
Well-known member
- Joined
- May 6, 2005
- Posts
- 494
And we all know profit sharing is not guaranteed, but thanks to Consolidation and bag fees, it's becoming more probable. Last year the profit sharing % was 8.25% of the individual's W2 (paid Feb 14th of this year). $20,347.25 per month (a low month on average for the 744 Capt) would mean a 12 month total of $244,167. If you add 8.25% profit sharing to that you'd get an extra $20,143, meaning the new total would be $264,310. (Paid out for this year). But, the current year has also equalled last years total in the profit sharing "pie", with two additional quarters to go. Rumor has it the profit sharing check could equal 15-16% of this year's W2, and if he/she made $244,167 this year, the profit sharing check would equal $36,625 (15%). So, fly the same hours next year and add the 3% raise due Jan 1st, you'd get $251,492 plus the profit sharing on Feb 14th, and those guys would make $288,117, flying a lower than average month. (77 hours on a 12 day 744 trip, then 30 days off until the next 12 day trip at the end of the next month). Not bad..... Beats 5 legs a day to Lubbock.
Bye Bye---General Lee
I don't want get into a d*ck measuring contest regarding the iron. We obviously don't have any other options than the 737. That being said, since I got here we re doing more 2 leg a day Scheds with coast to coast stuff being the primary focus. That's in my wheelhouse.
We're obviously falling well short in our total compensation and what the brain trust at swapa can't seem to get is the time to make hay is while the suns shining.
All the VEEPS, Kelly and his cronies are getting their money while we continue to fall woefully behind.
Thanks to all for posting!