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Old 10-23-2014, 06:26 AM
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Default United sets another record in Q3

"Not counting special items, United*(UAL)saw its most profitable quarter in history, earning $1.1 billion or $2.75 per share."

Still not quite to Delta, but getting closer.......



http://www.usatoday.com/story/money/...ofit/17764371/
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Old 10-23-2014, 07:07 AM
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Doing good!!
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Old 10-25-2014, 07:01 AM
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Free Kool-aid and cookies for all!
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Old 10-25-2014, 08:33 AM
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Originally Posted by LivinTheDream28
"Not counting special items, United*(UAL)saw its most profitable quarter in history, earning $1.1 billion or $2.75 per share."

Still not quite to Delta, but getting closer.......



http://www.usatoday.com/story/money/...ofit/17764371/
So, how does that translate into profit sharing money in our pockets????
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Old 10-25-2014, 09:00 AM
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Originally Posted by krudawg
So, how does that translate into profit sharing money in our pockets????
HaHaHaHa. HoHoHoHo. You make a me laugh.
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Old 10-26-2014, 04:17 AM
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Originally Posted by krudawg
So, how does that translate into profit sharing money in our pockets????
Two ways: 1) when valuing a career (this is more like a job than a career) you should discount your future earnings by an interest rate commensurate with the riskiness of the employer. In this case that employer is very risky so you'd use a high rate which lowers the present value (PV) of your future income. If the business improves this lowers the discount rate and increases the PV. If you don't think this means anything ask TWA, EAL, PAN AM pilots what they think.

This business is so risky I work a second career.

2) more leverage for the next contract.
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Old 10-26-2014, 04:34 AM
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Originally Posted by Frank K
Two ways: 1) when valuing a career (this is more like a job than a career) you should discount your future earnings by an interest rate commensurate with the riskiness of the employer. In this case that employer is very risky so you'd use a high rate which lowers the present value (PV) of your future income. If the business improves this lowers the discount rate and increases the PV. If you don't think this means anything ask TWA, EAL, PAN AM pilots what they think.

This business is so risky I work a second career.

2) more leverage for the next contract.
I get that and it is a fair point. What I am really asking is can someone take our contractual profit sharing formula, and calculate some estimates for our return on the profits, assuming historical 4th qtr data since we don't have that data yet. I'm at a 3rd grade math level and can't compute it myself
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Old 10-26-2014, 06:04 AM
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Originally Posted by krudawg
I get that and it is a fair point. What I am really asking is can someone take our contractual profit sharing formula, and calculate some estimates for our return on the profits, assuming historical 4th qtr data since we don't have that data yet. I'm at a 3rd grade math level and can't compute it myself
How about this; a $1,000 per 100 hours flown.
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Old 10-26-2014, 06:04 AM
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Originally Posted by krudawg
I get that and it is a fair point. What I am really asking is can someone take our contractual profit sharing formula, and calculate some estimates for our return on the profits, assuming historical 4th qtr data since we don't have that data yet. I'm at a 3rd grade math level and can't compute it myself
I've seen rough calculations putting it between 5% and 7% of your 2014 gross income.
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Old 10-26-2014, 06:25 AM
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Originally Posted by APC225
I've seen rough calculations putting it between 5% and 7% of your 2014 gross income.
Thanks. It seems a little low based on previous profit sharing calculations but for the current CBA tilts the curve closer to the company.
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