• NC Software is proud to announce the release of APDL - Airline Pilot Logbook version 10.0. Click here to view APDL on the Apple App store and install now.
  • Logbook Pro for Apple iOS version 8.1 is now available on the App Store. Major update including signature endorsements and dark/light theme support. Click here to install now.

Profit sharing is dead at AA, analyst says

General Lee

Well-known member
Joined
Aug 24, 2002
Posts
20,442
Total Time
A lot
Analyst: 'Profit sharing is dead' at American Airlines
November 11, 2014



By Trebor Banstetter

The lack of a profit-sharing program was a significant force behind American Airlines flight attendants rejecting a tentative contract this week, but analysts say there's no chance of them gaining the benefit through arbitration.

"Profit sharing [at American Airlines] is dead, and will almost surely stay dead through the arbitration process," wrote Hunter Keay, an airline industry analyst at Wolfe Research.

BusinessWeek noted after the vote "American had negotiated an end to profit-sharing payments in the deal, an element that many flight attendants did not like," while the Dallas Morning News wrote that the pay packages at other airlines were clearly on attendants' minds when they voted down the tentative contract.


Delta is expected to pay out more than $1 billion in profit sharing to employees for 2014, more than United Airlines, Southwest Airlines and JetBlue Airways combined. American employees will receive no profit sharing bonuses despite what the airline forecasts will be a record 2014 profit.

American CEO Doug Parker told the Morning News in August that he doesn't believe in profit sharing.

"We just think it's an inefficient way to pay team members," he said.






Offfffffcourse he does........ But I bet Doug will get some profit sharing himself...



Bye Bye---General Lee
 
Last edited:

General Lee

Well-known member
Joined
Aug 24, 2002
Posts
20,442
Total Time
A lot

Flopgut

Well-known member
Joined
May 16, 2005
Posts
3,627
Total Time
15k
Doug thinks anything that involves actual $ is an ineffective way to pay team members. He was hoping the FAs might take cat food. Not happening
 

Heavy Set

Well-known member
Joined
Nov 28, 2002
Posts
2,277
Total Time
15,000
Another copy/paste by the putz Jenny...

Again with the stalking of GL. WHAT IS YOUR PROBLEM? You add ZERO to this conversation. I found the article quite relevant to current negotiations and again you add nothing.
 

Freebrd

Well-known member
Joined
Jun 17, 2003
Posts
2,665
Total Time
44,000
:eek: YIKES! Are you stalking me HeavyLoad while I'm stalking your sister Jenny???? You're scaring me man. :laugh:
 

Turtle21

Well-known member
Joined
Feb 8, 2007
Posts
1,683
Total Time
lots
AA will kick ass because they will have a huge employee cost advantage over their competitors. DUI Doug has always had an employee cost advantage, and that is why he is a wall street god.

Welcome to Walmart Air.
 

General Lee

Well-known member
Joined
Aug 24, 2002
Posts
20,442
Total Time
A lot
AA will kick ass because they will have a huge employee cost advantage over their competitors. DUI Doug has always had an employee cost advantage, and that is why he is a wall street god.

Welcome to Walmart Air.

Yessssssss! Believe it or not, I want the AA/US pilots to get a great contract, so the other two and SWA can try for even better. But the lack of profit sharing during low oil years is ridiculous. If he won't give you profit sharing, it better be DL plus 15 or 20%. DL's profit sharing for this year should be close to 20% of the W2, or an extra 2 1/2 months worth of pay! Next year it could be 25%.



Bye Bye---General Lee
 
Top