A program still exists, but the EBITDA level to trigger it very high. This airline will never reach that level of profit, or at least the executive accounting will never let it reach that level as it's much higher than the executives need to maximize their own incentives.
altiplano wrote: ↑Wed Jan 22, 2025 9:52 am
AC pilots won't see any profit sharing.
A program still exists, but the EBITDA level to trigger it very high. This airline will never reach that level of profit, or at least the executive accounting will never let it reach that level as it's much higher than the executives need to maximize their own incentives.
Why on earth did you agree to this in this pilot negotiating market?
altiplano wrote: ↑Wed Jan 22, 2025 9:52 am
AC pilots won't see any profit sharing.
A program still exists, but the EBITDA level to trigger it very high. This airline will never reach that level of profit, or at least the executive accounting will never let it reach that level as it's much higher than the executives need to maximize their own incentives.
Why on earth did you agree to this in this pilot negotiating market?
Something Something about being forced into arbitration Something Something about minimum wage Something Something about the MEC Chair quiting Something Something about how we could lose it all
A total cluster @#$!...like the government was going to have us getting paid less than WJ & take our bonus plan.
737Drver wrote: ↑Wed Jan 22, 2025 10:03 am
So Air Canada pilots compare themselves to Stewardesses?
We compare ourselves to whatever is the flavor of the day. Worst case we compare ourselves to garbage men and then when they get paid more...you say "well then become a garbage man".
altiplano wrote: ↑Wed Jan 22, 2025 9:52 am
AC pilots won't see any profit sharing.
A program still exists, but the EBITDA level to trigger it very high. This airline will never reach that level of profit, or at least the executive accounting will never let it reach that level as it's much higher than the executives need to maximize their own incentives.
Why on earth did you agree to this in this pilot negotiating market?
yycflyguy wrote: ↑Mon Jan 27, 2025 11:36 am
The "logic" was that the profit share was an unknown certainty and the guaranteed pay raises accounted for the occasional profit share.
I’m for it. Pay me today on a negotiated scale rather than maybe a bonus once a year based on conditions someone else controls.
Man_in_the_sky wrote: ↑Wed Jan 22, 2025 9:59 am
The stewardess won’t have it after the negots .
A top pay service director would have gotten less than $2,000 in profit sharing last year. Cabin crew never had any real profit sharing bonus to speak of.
yycflyguy wrote: ↑Mon Jan 27, 2025 11:36 am
The "logic" was that the profit share was an unknown certainty and the guaranteed pay raises accounted for the occasional profit share.
I’m for it. Pay me today on a negotiated scale rather than maybe a bonus once a year based on conditions someone else controls.
Good thing you don't negotiate for United or Delta
They are getting an extra 7+ & 9+ percentage bonus in a couple months. Superior pay without giving up their bonus. Too hard of a concept for some!
And enjoy that long call reserve and training outside of block with 50% deadheads on top. Lol...
yycflyguy wrote: ↑Mon Jan 27, 2025 11:36 am
The "logic" was that the profit share was an unknown certainty and the guaranteed pay raises accounted for the occasional profit share.
I’m for it. Pay me today on a negotiated scale rather than maybe a bonus once a year based on conditions someone else controls.
Good thing you don't negotiate for United or Delta
They are getting an extra 7+ & 9+ percentage bonus in a couple months. Superior pay without giving up their bonus. Too hard of a concept for some!
And enjoy that long call reserve and training outside of block with 50% deadheads on top. Lol...
Profit share was always a joke, I'm glad its gone. I'd much rather have higher salary that means guaranteed pay within my control, vs. something based on numbers that the company can fudge.
Profit share was always a joke, I'm glad its gone. I'd much rather have higher salary that means guaranteed pay within my control, vs. something based on numbers that the company can fudge.
This is peak Air Canada stupidity.
Execs are literally paid on bonuses and they just took that away and you're happy with it.
I guess United & Delta pilots aren't as smart as you.
yycflyguy wrote: ↑Mon Jan 27, 2025 11:36 am
The "logic" was that the profit share was an unknown certainty and the guaranteed pay raises accounted for the occasional profit share.
I’m for it. Pay me today on a negotiated scale rather than maybe a bonus once a year based on conditions someone else controls.
I wanted both. The EBITDAR floor is basically unattainable. I’ve got zero incentive for the company’s OTP and efficiency. They could’ve incentivized the pilots instead the efficiencies are going out the tailpipe.
yycflyguy wrote: ↑Mon Jan 27, 2025 11:36 am
The "logic" was that the profit share was an unknown certainty and the guaranteed pay raises accounted for the occasional profit share.
I’m for it. Pay me today on a negotiated scale rather than maybe a bonus once a year based on conditions someone else controls.
I wanted both. The EBITDAR floor is basically unattainable. I’ve got zero incentive for the company’s OTP and efficiency. They could’ve incentivized the pilots instead the efficiencies are going out the tailpipe.
Profit share was always a joke, I'm glad its gone. I'd much rather have higher salary that means guaranteed pay within my control, vs. something based on numbers that the company can fudge.