Originally Posted by
A320
Please provide a link. So you are hunkydory with getting a 28% increase in PS this year over last and feel the same with the LUAL Side getting 15%less? Just another example of the Texas Air Entitlement Mentality. I'm sure you would even rationalize transferring our assets to your side if the operations by expressing how superior your side is.
I will be very surprised is my ACTUAL PS sharing check is considerably larger than last year. I will post the results on 2/15.
OK,
So my memory is not QUITE as accurate as I would like, but the premise of how PS was calculated last year still stands. Since PS was calculated differently last year AND as separate companies, and we are all lumped together this year, there were bound to be differences in the PS check. I don't remember this big of a fuss last year when L-ual received a larger 2010 PS check. I think it is safe to say that now ALL UAL pilots will be receiving the same % this year and calculated in the same manner.
Some may not like the source of the information.
From the latest CAL-ALPA posting... Feb 2011.
"We recognize, from public data available, that there are not only dissimilarities in the amount of total profit the carriers separately made, but also as to what 15% of such profit means to a UAL employee versus what 15% means to a CAL employee. For instance, United excludes the profit sharing expense from the calculation of profits. In other words United does not reduce income by the amount of the profit sharing payment; Continental on the other hand reduces the income by the amount of profit sharing expense before it calculates the payout. United also excludes charges for the “grant, exercise, or vesting of equity awards or options granted to employees” so if United grants equity to employees or management, the United profit sharing plan does not reduce the income for purposes of profit sharing payments".
I find it interesting that you (A320) don't comment on that fact that paying profit sharing to the Lcal pilot group does not affect the amount L-ual receive in any way. You probably feel ENTITLED to the profit sharing now earmarked for LCal, if we would not have been included.
My initial post was merely to inform the Lual side of the house what the Lcal side was told this time last year. Why some of you choose to lob stones over the wall is beyond me. There was no mention of entitlement or disrespect for the Ual side. While your opinion is yours to express, the way in which you choose to do so, says more about you as an individual than your group as a whole. I hope when as is said and done, and JS is nothing but a bad nightmare, Lual and Lcal can come together and make this a great place to work.
Please feel free to respond only to those sections of this post that you feel support an argument of your making.