Originally Posted by
Regularguy
Maybe I missed it because I was to lazy to read the whole thread, but the reason behind UAL's loss (yes they lost close to a billion dollars) is the revenue side.
Shares, freight, massive RJs, ignored US domestic revenues, and so many other things you all have identified are the reasons why this management lost a billion dollars in revenues. But, what does this mean to the employees?
Two words, PROFIT SHARING!
Someone do the math and figure how much these lousy managers cost you directly in profit sharing this coming year. Captains can save fuel, not use the APU, Flight attendants can treat each customer like gold and the PA's can get the airplanes out on time, but none of them can generate revenues and that cost all of us tens of thousands of dollars out of profit sharing pockets.
These managers (Jeff's the leader) should be embarrassed and held accountable, but sadly they will still get their bonuses in some warped justification of performance. (Of course some captains can justify burning an extra $2,000 of fuel to make their commute home. Shame on you!)
Oh well this almost billion dollar loss really got to me. Moving on.
You can't lose money that you never had. The billion dollar difference is more like an opportunity cost.