E43: Profit Sharing

On this special edition episode of Engage, Captain Rich Wheeler, Chairman of the Negotiating Committee, and Captain Eric Criswell, former Chairman of the Negotiating Committee, talk about profit sharing.  From its origin and roots to this year’s profit sharing payout, Rich, Eric, and Ryan discuss how profit sharing was negotiated by pilots in 1996; how it has changed over the years and the need to preserve this negotiated benefit that pilots and all employees now enjoy; how profit sharing is contractually calculated using PTIX and specific formulas; and how pilots can view their earnings and ensure their 2023 profit sharing payout is accurate. Happy Profit Sharing Day! (Recorded January 23, 2024)