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Old 08-31-2016 | 04:03 AM
  #37  
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Sunvox
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From: UAL retired
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Originally Posted by Flyguppy
You can sit here and argue that "eps has everything to do with our eventual ps deposit in March", but that's simply not true. You can use it as a wag, but that's about it. Too many variables.

Our profit sharing has EVERYTHING to do with pre-tax profit(PTP) and pre-tax margin(PTM). Specifically, 10% of PTP up to a PTM of 6.9% goes into the ps pool. 20% of PTP that is above PTM of 6.9% goes into the pool.

So if you want to get a bit closer to a real guess, you need to look at pre-tax profit for each quarter.

A quick glance at ir.united.com shows our performance thru the 2nd Q to be about 17% lower than 2015. I'm just looking at Income before Taxes.

So to those who think we'll get 17-18% vs. last year's 13%......keep on dreaming.
PS is calculated excluding "Special Items". As of Q2, we are ahead of 2015 profit excluding special items.
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