WestIndian425
Well-Known Member
We were just informed of the following:
* An 8% base pay increase for pilots, effective January 2017.
* 10% profit sharing if the pretax margin is 18% or less.
* 10% of pre-tax profit up to 18% margins PLUS 20% of any profit above the 18% margin
* The number of holidays that will incur holiday pay will increase.
This is all outside negotiations (and done unilaterally), so I'm sure there will be things negotiated for the contract. ALPA was informed of this earlier today.
Finally, our profit sharing up till August 2016 will be 8%, payable in November.
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* An 8% base pay increase for pilots, effective January 2017.
* 10% profit sharing if the pretax margin is 18% or less.
* 10% of pre-tax profit up to 18% margins PLUS 20% of any profit above the 18% margin
* The number of holidays that will incur holiday pay will increase.
This is all outside negotiations (and done unilaterally), so I'm sure there will be things negotiated for the contract. ALPA was informed of this earlier today.
Finally, our profit sharing up till August 2016 will be 8%, payable in November.
Sent from my iPhone using Tapatalk