Originally Posted by
cramje
United Airlines Holdings Inc annual net income for 2022 was $0.737B. DAL's TA is a $2.0B increase annually in book value - how would a hypothetical $2.5 B increase in UAL Pilot Contract book
value not make a dent in United massive profit? It doesn't just make a dent, it consumes most or all projected net income for next 3 years. Which may be the cost of doing business for SK (and is fine with me) - but
to categorize DAL's ask as trivial to bottom line at UAL is the reason why the First Amendment rocks!
This is the perfect post to summarizing how clueless some pilots are.
Pilot costs are an expense.
The do not reduce profits dollar for dollar.
Take a moment to think. Delta agreed to our TA and they are going to make $5 billion or more in 2023. And over $8 billion in 2024.
The bright light here is we didn’t get enough but our profit sharing will ease the pain.
In my opinion our profit sharing in 2023 will equal over 20% of our pay and 26% in 2024.