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Originally Posted by Timbo
(Post 1628820)
Yes, and did you LOVE Richard's answer?
"If you look over our track record over the last 8 years, we've always led the industry... (in getting pilots to trade their retirement, pay, benefits, and profit sharing for 3% raises)." :rolleyes: He then goes on to brag about making all this money with '3 less shells' (airframes). :rolleyes: How's that for growth! These Q&As are always intriguing and then entertaining when the regular reporters start asking questions. :D Ooooh. See, she asked about FAR 117... "we've been able to handle that incredibly successfully" "manage through it quite effectively" "PWA already had a lot of flexibility" And ATL asking for more service by other international carriers? This city is confused about their place in the world. Dang, landing free in ATL is 1/2 what it is in Miami. Somewhere I once heard CLE was one of the top 3 expensive in the country. |
Originally Posted by LOBO
(Post 1628724)
444 million pretax profit!!!!
99 million but aside for profit sharing!!! WOW!!! |
Originally Posted by hockeypilot44
(Post 1628833)
What was our 2013 first quarter pretax profit for a point of reference?
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Originally Posted by Free Bird
(Post 1628828)
I guess that's different from the RJ's being "self financed"?
And half of today's earnings numbers are being financed by our bankruptcy pay rates, and profit sharing cuts. |
Originally Posted by forgot to bid
(Post 1628842)
Well, free cash flow was $457M last year and $390M this year with $1.1B last year in operating cash flow and $.951B this year.
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Originally Posted by hockeypilot44
(Post 1628894)
In layman's terms, will our profit sharing be bigger or smaller next year based on first quarter results?
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Originally Posted by sailingfun
(Post 1628906)
Much larger because based on the outlook for the rest of the year total profit for profit sharing purposes should be well above 4 billion. Last year it was 3.4 billion. Everything over 2.5 is at 20 percent.
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Originally Posted by ATL7ER
(Post 1628917)
I think last years profit sharing (received this year) was based on $2.7 billion profit
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Originally Posted by forgot to bid
(Post 1628830)
And ATL asking for more service by other international carriers? This city is confused about their place in the world. Dang, landing free in ATL is 1/2 what it is in Miami. Somewhere I once heard CLE was one of the top 3 expensive in the country.
When I first saw the article title, I assumed it would be more bogus welfare for cancerous LCC's and foreign carriers, which it still may be, but there seems to be a chunk of the funny money we can break off for ourselves. JB will likely (re)invade (this time in a MUCH more dedicated assault) before the end of 2015 and VX around a year later, and the dual subsidized fake royal Gulf airlines about the same time frame. We're running high on the YoY numbers but soon we'll have to take a break from the magic to counter punch the insolent yield trashers/capacity dumpers. I hope mahogany row is ready for the short term pain required for the long term gain, as well as being on the same page with the airport people to not screw their own futures at the expense of flowery short term press releases. |
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