Airlines May See Record Q3 Earnings - Barrons

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10-17-2014, 01:17 PM

#31

Justdoinmyjob

Looking for a laugh

Joined APC: Feb 2008

Posts: 4,099

Quote:

Originally Posted by pilot64golfer

Its company wide. Back in 2000 I was in charge of one of the company employee committees and we would put programs like this together with senior management and we kept running into problems with laws of other countries that either prohibited what we wanted to do or would hurt the employee in a foreign country, maybe because of their tax structure, etc, so these rules become VERY weird. But I'll bet there is some state or country that has a problem with "profit sharing" or other benefits for non-full-year employees so the blanket policy of "must be a full year employee" applies to everyone, even though it makes little sense to us.

If that's the case, how does that square with Delta doing it? What state or country does United have employees in that Delta doesn't? Not being facetious, but we pretty much fly to all the same places.

10-17-2014, 02:05 PM

#32

pilot64golfer

Gets Weekends Off

Thread Starter

Joined APC: Nov 2013

Position: Gets weekends off

Posts: 1,168

Quote:

Originally Posted by Justdoinmyjob

United "could" do it, but they have an internal policy that says they treat all employees equal, so if someone in Japan pays a double tax for income earned less than a full year bonus, rather than just exclude them, they exclude everyone.

At least that's what they told us about some of our ideas for employee bonus options. One of the options was something like the vacation pass, but instead making it positive space, limiting the number for use on any single flight, and forcing it to be booked a long time in advance, but revenue management shot it down. We had a lot of good ideas, that management said no to.

10-18-2014, 05:10 PM

#33

deltajuliet

Living the Dream

Joined APC: Sep 2013

Posts: 1,795

Question from a lowly regional guy, if you don't mind. What's a very ballpark dollar amount or percent-of-salary you guys get from profit sharing bonuses?

10-20-2014, 02:48 AM

#34

azdryheat

Not on Reserve

Joined APC: Feb 2011

Position: Seat 0A

Posts: 117

Quote:

Originally Posted by deltajuliet

Question from a lowly regional guy, if you don't mind. What's a very ballpark dollar amount or percent-of-salary you guys get from profit sharing bonuses?

3-5%. Should be more (Delta), but UA likes to screw over employees.

10-20-2014, 04:00 AM

#35

Piklepausepull

Bye Bye Maddog!

Joined APC: Apr 2008

Position: Movin' On UP........

Posts: 560

Quote:

Originally Posted by Justdoinmyjob

but new hires at Delta get profit sharing based on their earnings for the year. Even if they only flew in December.

Eh....

If they only flew in Dec., they only get paid in Jan. ergo...no profit sharing!

Plus new hires make diddly squat, so maybe they got a Starbucks Venti in their PS check for any earnings during training!

It's based on W-2 earnings......

The grass isn't ALWAYS greener at the big D.....Just MOST of the time!

I kid, I kid!

10-20-2014, 06:34 AM

#36

Airhoss

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Joined APC: Apr 2008

Position: Sleeping in the black swan’s nest.

Posts: 5,725

Never count your profit shares before they hatch.

10-20-2014, 07:06 AM

#37

JetBlast77

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Joined APC: Jan 2008

Position: A320

Posts: 661

Did you guys see we were the only airline to decrease capacity in the third quarter? Every other US airline grew from 1% to 10%. Whats up with that?

10-20-2014, 09:23 AM

#38

pilot64golfer

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Thread Starter

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Posts: 1,168

Quote:

Originally Posted by JetBlast77

Did you guys see we were the only airline to decrease capacity in the third quarter? Every other US airline grew from 1% to 10%. Whats up with that?

Parking the 757 and replacing them with guppies. That's whats up with that.

10-21-2014, 08:34 PM

#39

jsled

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Joined APC: Apr 2006

Position: 737 CA

Posts: 2,750

I hope y'all all got in on the UAL $40/share EBOLA sale last week. It closed at $49 today. That's 22% right there, don't care who you are.

10-22-2014, 05:59 AM

#40

El10

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Joined APC: Oct 2006

Posts: 439

Quote:

Originally Posted by JetBlast77

Did you guys see we were the only airline to decrease capacity in the third quarter? Every other US airline grew from 1% to 10%. Whats up with that?

They are still lagging on load factor to DL. To get the same yield they need to hold capacity back a little longer to get to the same LF, if they do want to drive towards the the same PRASM.