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UPS profit triples, CEO: recession looks over

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Old 02-02-2010, 01:36 PM
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Default UPS profit triples, CEO: recession looks over

UPS 4Q profit nearly triples from year earlier - BusinessWeek
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Old 02-02-2010, 01:52 PM
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That doesn't mean that we aren't overstaffed by about 300 union pilots. We've parked a lot of airplanes achieve that profit that you are referring to.
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Old 02-02-2010, 02:12 PM
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Originally Posted by ANCSDF View Post
That doesn't mean that we aren't overstaffed by about 300 union pilots. We've parked a lot of airplanes achieve that profit that you are referring to.
Correct. Either pilots on the property will fly less (via the MOU), or pilots are let go off the bottom (via a furlough). Any day now the decision will be made...

The question of what happens to the managers also looms. They could face some unexpected bad news.

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Old 02-02-2010, 02:16 PM
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Originally Posted by Priority 3 View Post
Correct. Either pilots on the property will fly less (via the MOU), or pilots are let go off the bottom (via a furlough). Any day now the decision will be made...
this was a joke, correct?
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Old 02-02-2010, 02:18 PM
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Originally Posted by ANCSDF View Post
That doesn't mean that we aren't overstaffed by about 300 union pilots. We've parked a lot of airplanes achieve that profit that you are referring to.
Or overstaffed by 180 Non Union Pilots.
ANCSDF you are pathetic. Now go striaghten some magazines.

K
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Old 02-02-2010, 02:20 PM
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Originally Posted by geeitup1 View Post
this was a joke, correct?
No. I think it sums up the situation accurately. Unless UPS decides to nix the MOU and not furlough at the same time.

How do you see it?
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Old 02-02-2010, 02:29 PM
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UPS also announced that it will reinstate executive compensation plans, after freezing management salaries early last year.....NICE, glad to see my RDG savings going to these Richard Heads.
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Old 02-02-2010, 02:46 PM
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Originally Posted by stratofactor View Post
UPS also announced that it will reinstate executive compensation plans, after freezing management salaries early last year.....NICE, glad to see my RDG savings going to these Richard Heads.
The balloon has been sent up...they will not furlough, and may not fecalcan 65-85 managers, but as little as 40. But managers are history, and no line guys will go...they want their money...money that dwarfs the pathetic contributions of the managers. Get your resume tuned up ANCSDF...there are some Chinese carriers hiring underqualified types.
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Old 02-02-2010, 04:27 PM
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Mod note:

Let's keep the discussion respectable and within TOS.
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Old 02-02-2010, 05:06 PM
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Originally Posted by stratofactor View Post
UPS also announced that it will reinstate executive compensation plans, after freezing management salaries early last year.....NICE, glad to see my RDG savings going to these Richard Heads.
Hence the profit. Reinstating compensation for the top tier is well deserved. Profit was achieved because of the decisions and managing of the company through these challenging times.

Managing a surplus of the IPA pilots has to happen too. The MOU is one strategy and I hope it works, but the fact of the matter is that if UPS can realize more money by furloughing, a furlough will have to happen.

Lets all hope for the best that nobody loses their job. But vilifying the very managers that make this place so profitable is probably not the best thing to do right now. As they say, the proof is in the pudding and mangers have been pulling their weight around here. Have you guys?
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