Originally Posted by
texaspropguy
It looks like United is putting cash into XJT. I cannot comment into where I see this. But, the same thing happened to keep Colgan/Pinacle afloat at the end before they slit their contractual throat. The difference is that Pinnacle was asking for help from UA because the Q and the crash was killing them financially. We have not asked for that help, if it is indeed being received. The bonus will have to come from somewhere though. Also, negotiations are happening and Endeavor has set the bar high on hourly pay. Game on....
The new CPA gives united control over pilot costs.
And given this Q3 earnings snippet here:
"UAL reported third-quarter net income of $637 million, diluted earnings per share of $2.12, pre-tax earnings of approximately $1.0 billion and pre-tax margin of 9.9 percent.
Excluding special charges, UAL reported third-quarter net income of $669 million, diluted earnings per share of $2.22, pre-tax earnings of $1.0 billion and pre-tax margin of 10.4 percent.
UAL repurchased $556 million of its common shares in the third quarter, bringing the year-to-date share repurchases to $1.3 billion.
UAL delivered the best-ever third-quarter consolidated on-time departures in the history of the company, and employees earned $11 million in bonuses for operational performance."
We should be burning this place down. They have the money to pay.