Your salaries are now quite good even without the profit sharing so that the group will still be happy. But the days of hundreds of thousands of $$ a year may not last much longer.
The most any pilot at WestJet has ever made on profit sharing has been around $15,000 clear in one year. Bruce, your speculation may have been misguided and you might have meant monies made from options...anyway semantic. However, I wouldn't rule out the options just yet. This year with the low stock price captains will get about 11,500 shares in options. These will expire in 2010. There are some significant events that are occuring in 2009 that you might be aware of. It will be the year when the straight jackets come off and all will be negotiated with Milton. BTW, you can also choose to strike that year if things don't go well. In addition, several billion dollars in leases come up for modified renewal then. What I'm getting at is that it's a perfect storm just hidden below the surface that will have an effect on the share price and with such a low strike price this year it won't take much to be back into the six figures....
