Originally Posted by
OpieTaylor
Is this from hiring more pilots than are retiring, or from the pilot labor rates? Seems like United isn’t growing available seat miles as fast as it is adding pilots to the payroll, and then blaming a CBA.
Their exact motivations/reasons are open to interpretation by APC experts, but the exact verbiage in the 8K says:
The Company has determined that it is appropriate to accrue expense in the first quarter 2023 related to a potential new collective bargaining agreement with employees represented by the Air Line Pilots Association. This accrual represents a shift in the timing of the associated expense from the second quarter 2023 into the first quarter 2023.
https://ir.united.com/node/30341/html