Profit Sharing?

Brittany Blanchard

March 22, 2023 at 11:17 am #15960

Just wondering what’s up with the profit sharing payout this month for the 20 year + F/A’s?

Brent Coates (SIA Rep)

March 24, 2023 at 10:38 am #15968

Hi Brittany,

I’m responding to let you know we’ve seen your post.

Is there something more specific you are looking for an answer to?

Happy to help get you the information you’re looking for.

Thanks!

Brent

Brittany Blanchard

March 24, 2023 at 11:25 am #15970

Yes, are we (us 20 yr + F/A’s)getting any profit sharing for the last 6 months?

066325

March 27, 2023 at 9:07 am #15976

Good morning Brittany,

Thank you for your patience with our response. SkyWest Airlines did not have a profit and lost money both with and without the deferred revenue the second half of 2022. Due to the non-profitable second half of the year, there was no payout. However, we are optimistic about 2023 and beyond.

Respectfully,

Loretta

Brittany Blanchard

March 27, 2023 at 12:27 pm #15978

Very frustrating that this was a BIG game changer for us senior F/A’s to vote YES for the pay package.
Not only did SIA compare it to pilots profit sharing BUT then actually used a formula from 2019 showing and example of payouts being in the thousands.
Fast forward a year and the first payout to me was $57 and now NOTHING. Very deceiving to all of us.

066325

March 28, 2023 at 11:15 am #15979

Hi Brittany,

Thank you for sharing your feelings with us. That’s truly what we want this space to be about. Please know that we fully understand your frustration. We have current SIA Board members with greater than 20 years of service who are disappointed as well. We had and continue to have the best of intentions when advocating for the FA group and if we had to do it again, we would still advocate for profit sharing in the pay package.

Our goal when negotiating Profit Sharing for our 20+ Year Flight Attendants, was to get something on the books and continue to improve it going forward. There was no malicious intent to “pull a fast one” on our fellow Flight Attendants in any way. When we negotiated this a year ago, we were hopeful for 2022 and beyond in regard to it being more profitable than 2021, however, none of us foresaw the fact that we’d still be experiencing a great pilot shortage which is the biggest hindrance to our profitability because our block hours have reduced drastically.

As some additional background, when we initially proposed Profit Sharing, the Company was adamantly against it. We were able to get them to not only agree to it for 20+ years of service at the 5% (they countered with less years of service included at a lower percentage), but also agree to it being a permanent part of our Flight Attendant Policy Manual, unlike the Pilot’s Profit Sharing which had an expiration date. The formula that was agreed upon was also one that we’re hopeful to keep improving upon going forward, but again, wanted to initially get it on the books and get our senior flight attendants something.

All that to say, we’re cautiously optimistic based on Company forecasts, that we will weather this pilot shortage and be profitable in 2024 and beyond. Hopefully then we will look back at this bump in the road and be thankful we were able to all endure these difficult times, but we laid the groundwork for future Flight Attendants to reap the benefits of profitability.

Most humbly,

Loretta