Friday, January 27, 2017
Profit Sharing Q & As Posted on Jetnet – LAA/LUS
Despite the continued hardships faced by Flight Attendants in 2016, our hard work contributed to the second most profitable year in American’s history, resulting in a profit sharing payout to be made in early March 2017.
The Company posted the formula used to calculate profit sharing payouts for 2016 on Jetnet. A basic approximation can be made by multiplying your eligible earnings by 3%. Example: If your eligible earnings for 2016 are $40,000, you would multiply that by 3%, for an approximate payout of $1,200.00 (before taxes.)
Please see the Q & As released today for more information on eligible earnings and 401K deferral options. Payments are anticipated to be made by March 10, 2017 for all U.S. based employees.
APFA National Communications Chair