blues deville Posted February 23, 2017 Share Posted February 23, 2017 Apparently the biggest in US history. Second year in a row for DL employees. http://news.delta.com/delta-pays-out-biggest-profit-sharing-us-history Link to comment Share on other sites More sharing options...
deicer Posted February 23, 2017 Share Posted February 23, 2017 That is an article from 2016 for 215 profit share. Any word on this years? Link to comment Share on other sites More sharing options...
blues deville Posted February 23, 2017 Author Share Posted February 23, 2017 2 hours ago, deicer said: That is an article from 2016 for 215 profit share. Any word on this years? Here's the correct link. Another big year for Delta. In an tv interview their CEO said it averages out to $13000 per employee. Great for the front line staff. For a senior 777 captain it's half a months pay. https://www.google.ca/amp/amp.timeinc.net/fortune/2017/02/16/delta-airlines-profit-sharing-billion/%3Fsource%3Ddam Link to comment Share on other sites More sharing options...
blues deville Posted February 23, 2017 Author Share Posted February 23, 2017 Here's some more good news from DL. The pilots of Delta Air Lines, represented by the Air Line Pilots Association, Int'l (ALPA), ratified an amended collective bargaining agreement. 82 percent voted “in favor” of the agreement. The agreement is effective immediately through December 31, 2019 Provides pay increases of 18% for 2016 (fully retroactive), 3% 2017, 3% 2018, 4% 2019. Entire domestic fleet equipped with Wi-Fi and int’l fleet by mid-2016 Ordered 75 CS100s from Bombardier, with an option for 50 more and possible change to CS300. Deliveries start in Spring 2018 Delta announced the cancellation of the Northwest 787 order, which would have begun in 2018. The Airbus 350 was chosen as the replacement 5 recently acquired B752s enter service in 2016 5 additional A330-300 deliveries through 2017 for a total of 31 Purchasing 3 additional (Blue1) B717s for a total of 91 739ERs deliveries continue through 2019 for a total of 120 45 A321s to be delivered in 2016-2018 Ordered 37 more A321's for a total of 82 25 A350-900s deliveries begin in 2017 25 A330neos deliveries start in 2019 replacing B763ERs Owns an oil refinery outside of PHL Delta is a founding member of the SkyTeam global airline alliance IATA code: DL; ICAO code: DAL ATC callsign: "Delta" Link to comment Share on other sites More sharing options...
rudder Posted February 23, 2017 Share Posted February 23, 2017 Half a months pay? Try closer to nearly 2 months pay. Profit sharing for DL pilots pays out at nearly 20% of base pay so you are talking US$60k+ for a WB Capt. Add in 16.5% company contributions to retirement and pay rates that are light years ahead of anything in Canada and you are looking at total compensation rates (non-currency adjusted) that are at least 30-40% higher than their CDN counterparts. On a currency adjusted basis the disparity is even more embarrassing. And all the while declaring record profits. Link to comment Share on other sites More sharing options...
blues deville Posted February 23, 2017 Author Share Posted February 23, 2017 13 minutes ago, rudder said: Half a months pay? Try closer to nearly 2 months pay. Profit sharing for DL pilots pays out at nearly 20% of base pay so you are talking US$60k+ for a WB Capt. Add in 16.5% company contributions to retirement and pay rates that are light years ahead of anything in Canada and you are looking at total compensation rates (non-currency adjusted) that are at least 30-40% higher than their CDN counterparts. On a currency adjusted basis the disparity is even more embarrassing. And all the while declaring record profits. Wow. I guess when Ed Bastian (CEO) said the average payout for employees meant everyone 'except' the pilots with their own contract deal. It's no wonder the pilots at AA are looking to join ALPA and perhaps get on the gravey train. Link to comment Share on other sites More sharing options...
boestar Posted February 23, 2017 Share Posted February 23, 2017 Average Payout...Average....Many get far less and may get far more. Its an average. you payout is determined by a percentage of your base salary. Make more, get more. Thats the way it works. Link to comment Share on other sites More sharing options...
rudder Posted February 23, 2017 Share Posted February 23, 2017 Just had a closer look. DL pilot profit sharing for 2016 was paid out at 17.81%. DPSP (company pension contributions) are 16%. The pilot pay raise is a cumulative 30.2% to January 01, 2019 including an immediate AND retroactive 18%. I would post all of the actual pay rates but it would probably upset CDN based pilots. However, here is a sample - second year FO pay rates are comfortably in the six figure category. Including PS and DPSP, for 2017 top NB CA pay rates are US$350+ per hour. WB CA rates US$440+. Add another 3% for 2018 and 4% for 2019. It is not significantly different for the other US legacy carriers. The point is that the the portion of CASM that is directly related to pilot labour costs is significantly less in Canada than in the US. There is a lot of room to move and not put CDN carriers at a competitive disadvantage. If it is true that AC is looking for 'relief' from ACPA on Rouge expansion and possibly the 190 allocation to Express after 2019, then I would hope that ACPA would put raw pay rates back on the table. Link to comment Share on other sites More sharing options...
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