Remember: We need to be fair to the company
06-09-2011, 06:47 AM
#1
Gets Weekends Off
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Joined APC: Jun 2008
Position: 737 CAPT
Posts: 1,905
Remember: We need to be fair to the company
I agree. When our CEO's BASE pay can increase 30% due to this merger and the synergies will make this a truly outstanding airline globally, won't it be great when we are all rewarded fairly for our hard work and contributions to the bottom line? 
UAL CEO Smisek says pilot contract must be fair
UAL CEO Smisek says pilot contract must be fair - Yahoo! Finance
Oh, I think we can sometimes differ on the definition of "fair" as well.
UAL CEO Smisek says pilot contract must be fair
UAL CEO Smisek says pilot contract must be fair - Yahoo! Finance
United Continental Holdings Inc (NYSE:UAL - News), the parent of new United Airlines (NYSE:UAL - News), wants a contract with pilots, but any deal must be affordable and fair, its chief executive said on Wednesday.
"We want to get things done," Jeff Smisek said at United's annual shareholders meeting. "Now we can sometimes differ on the processes and the most efficacious way of getting a deal, but there is no lack of desire."
"We want to get things done," Jeff Smisek said at United's annual shareholders meeting. "Now we can sometimes differ on the processes and the most efficacious way of getting a deal, but there is no lack of desire."
06-09-2011, 12:17 PM
#3
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Joined APC: Nov 2010
Posts: 3,071
Since we don't have rear view mirrors, we can't review which employee group took a 40-48% paycut vs the others in the 18-24% range under the banner of shared sacrifice. If we did, that wouldn't be FAIR.
Last edited by SpecialTracking; 06-09-2011 at 02:14 PM. Reason: Disgust
06-09-2011, 04:42 PM
#4
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Joined APC: Aug 2005
Position: 18%er but I’ll enforce UPA23 to the last period.
Posts: 471
I thought J-Lo increased his pay on the order of over 60%? Either way my expectations are high, my strike fund is funded, and I know who my enemy is. (He does not wear blue with thin stripes on the sleeve/shoulder).
06-11-2011, 06:11 AM
#5
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Joined APC: Jun 2008
Position: 737 CAPT
Posts: 1,905
His poster merger BASE pay is $975,000/yr. That's 30%.
Now, if you are referring to how much his bonus and incentive pay has gone up because of the merger as well, then 60% sounds about right.
06-13-2011, 05:31 AM
#6
CH46 Pilot to the Stars
Joined APC: Mar 2011
Position: Furloughed
Posts: 61
What's in a name?
I'm guessing I'm one of the 2172 'cost synergies' that are fueling this bounce and lining mgts next set of golden parachutes. Man, I'm FEELING really, really fair right now. 
United Continental Holdings (UAL)
Trailing P/E: 45.19
Forward P/E: 4.11
The airline company is the product of a 2010 merger between Continental Airlines and UAL Corporation. UAL is riding an industry wide rebound despite rising energy costs and mediocre economic growth. Because of severe reductions in flight capacity and a bounce back in consumer and business travel, the industry has gained a degree of pricing power that they have not had in recent years. This pricing power is most clearly evidenced by a string of successfully implemented fare increases.
In the quarter ending March 31, 2011, the company's revenues nearly doubled from a year ago quarter to $8.2 billion. Even without the effects of the merger, United Air Lines' revenues still rebounded during the same period, jumping from $4.243 billion to $4.676 billion.
In addition to improving business, investors should look forward to continued benefits from the merger. By 2013, management expects to realize $1.0 to $1.2 billion in annual synergies in as much as $900 million of incremental revenues and more than $200 million of cost synergies.
United Continental Holdings (UAL)
Trailing P/E: 45.19
Forward P/E: 4.11
The airline company is the product of a 2010 merger between Continental Airlines and UAL Corporation. UAL is riding an industry wide rebound despite rising energy costs and mediocre economic growth. Because of severe reductions in flight capacity and a bounce back in consumer and business travel, the industry has gained a degree of pricing power that they have not had in recent years. This pricing power is most clearly evidenced by a string of successfully implemented fare increases.
In the quarter ending March 31, 2011, the company's revenues nearly doubled from a year ago quarter to $8.2 billion. Even without the effects of the merger, United Air Lines' revenues still rebounded during the same period, jumping from $4.243 billion to $4.676 billion.
In addition to improving business, investors should look forward to continued benefits from the merger. By 2013, management expects to realize $1.0 to $1.2 billion in annual synergies in as much as $900 million of incremental revenues and more than $200 million of cost synergies.
06-29-2011, 08:11 PM
#9
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Joined APC: Jun 2011
Posts: 467
Jeff's suit cost more than my pick up truck. I've been flying since age 15, commercially since 22, and majors since 29. Now over 40 and my pay day hasn't come in yet. Still living off borrowed money from my 401K and I fly 100 hours a month on the B-777 as an FO.
Please, lets talk about fair..........................
No retirement, no benefits worth speaking of, 150K a year that spends like 80K a year and with three kids in private school. If I could fly more than 100 hours a month I would do it just to keep in the black, but sometimes I feel so darn tired it's just hard to wake up and pack my bag for another death march around the world.
Fair and equitable................I don't think Jeff gets it and I know he doesn't understand this profession.
Please, lets talk about fair..........................
No retirement, no benefits worth speaking of, 150K a year that spends like 80K a year and with three kids in private school. If I could fly more than 100 hours a month I would do it just to keep in the black, but sometimes I feel so darn tired it's just hard to wake up and pack my bag for another death march around the world.
Fair and equitable................I don't think Jeff gets it and I know he doesn't understand this profession.
06-29-2011, 11:26 PM
#10
Gets Weekends Off
Joined APC: Oct 2010
Posts: 239
Jeff's suit cost more than my pick up truck. I've been flying since age 15, commercially since 22, and majors since 29. Now over 40 and my pay day hasn't come in yet. Still living off borrowed money from my 401K and I fly 100 hours a month on the B-777 as an FO.
Please, lets talk about fair..........................
No retirement, no benefits worth speaking of, 150K a year that spends like 80K a year and with three kids in private school. If I could fly more than 100 hours a month I would do it just to keep in the black, but sometimes I feel so darn tired it's just hard to wake up and pack my bag for another death march around the world.
Fair and equitable................I don't think Jeff gets it and I know he doesn't understand this profession.
Please, lets talk about fair..........................
No retirement, no benefits worth speaking of, 150K a year that spends like 80K a year and with three kids in private school. If I could fly more than 100 hours a month I would do it just to keep in the black, but sometimes I feel so darn tired it's just hard to wake up and pack my bag for another death march around the world.
Fair and equitable................I don't think Jeff gets it and I know he doesn't understand this profession.
The irony is that part of the strategy for securing a contract that would help alleviate all of your stated woes is to be financially independent if a strike should come to pass.
Will you be ready to stand next to your brother and sister should the time come? They are counting on you.
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