Jet Blue = Good Stuff

[Splert]

I haven't seen a proposal, much less contract language on this issue. In any case, if the work around is not tax deferred in a qualified retirement plan, it will have to be a lot larger than 3% to make up for that fact. More like 7 to 10%. You're right: we won't have a choice but to sell immediately. The risk of holding a single stock, especially the same company as we work for, as a major component of our retirement plan is way too high.

5% 401K match
5% discretionary company contribution (aka Profit sharing)

Plus

Up to 15% of income as a RSU with the ability to make after tax contributions into the 401k based on company operating margin.

Sort of Peer average if all of this was a PEA amendment.

BTW, Cowboy and whoever else you are the poster that brought up ALPA. The company could have implemented this work around day 1 or at least 2 years ago.

They haven't and will not unless they see an organizing campaign collecting cards. Only then does leadership care.

 

[27 driver]

The E190 has a MTOW greater than 117,000 lb (717) ?

The 717 is 120 K for MTOW. But whats 3000 lbs between friends.

 

[B6Busdriver]

The difference is that JB pays 5% profit sharing even when we lost money.

A350

And here is what the other guys pay when they lose money....

Air Tran.................Currently 10.5% increasing to 12.5% by 7/1/13
Alaska...................13.5%
AA........................11% plus a defined benefit
CO........................12.75%
Delta.....................14%
Hawaiian................15%
Southwest..............9.3%
United....................16%
US Airways..............10%

Here is what they pay when they make money............
Air Tran.................Currently 10.5% increasing to 12.5% by 7/1/13
Alaska...................13.5% plus profit sharing
AA........................11% plus profit sharing plus a defined benefit
CO........................12.75% plus profit sharing
Delta.....................14% on 1/1/11 plus profit sharing
Hawaiian................15% plus profit sharing
Southwest..............9.3% plus profit sharing...................look at their pay!
United....................16% plus profit sharing
US Airways..............10% plus profit sharing.

 

[B6Busdriver]

So you are willing to sell your soul to "IMPERIAL ALPA" to get your 2.7 points and give up all the benefits of our current situation???

I wish you the best of luck, but my vote is NO!

-And what are those benefits:
-no scope???
-poor merger protection???
-no health insurance when out on LTD after 6 months, then 18 months of COBRA???
-below industry average retirement

Read the PCRB report....and weep

 

[dicko]

The 717 is 120 K for MTOW. But whats 3000 lbs between friends.

Oops.

My last PC on the 717 was five and a half years ago. Apparently, I've grossly underestimated the amount of damage that I've done to my brain in that time.

It does have 117 seats doesn't it ? If I'm wrong about that I'm checking myself into the nearest 'facility'.

 

[27 driver]

Oops.

My last PC on the 717 was five and a half years ago. Apparently, I've grossly underestimated the amount of damage that I've done to my brain in that time.

It does have 117 seats doesn't it ? If I'm wrong about that I'm checking myself into the nearest 'facility'.

You are correct sir. 117 seats in AAI configuration.