Originally Posted by dalad (Post 1629427)

Also, our DB plan had already been "frozen". My final numbers on that was a lump sum of a little north of $580k, and a monthly annuity of around $5200. My PBGC at 65 will be more. My MPPP and other investments are now more than that $580k lump sum. So yes, I am actually now better off. :)

Originally Posted by Timbo (Post 1629430)

More record earnings, here's a quick quote from American's quarterly report, suddenly Richard doesn't look like such a genius any more, if these guys are spitting out the same numbers prior to their full integration.

Oh, and despite all the dire claims from AA's management, that their Pilots had to flush their retirement plan or else they'd liquidate, um...seems they survived after all, and they kept their retirements:

Eps 0.65 vs est 0.48

Today we announced our first quarter 2014 financial results. Like last quarter, we’ll compare year-over-year results for American Airlines and US Airways on a combined basis, which is a non-GAAP (Generally Accepted Accounting Principle) formulation using AMR Corporation and US Airways Group. We’ll continue to report our results on a non-GAAP basis until 2015 when we have a true apples-to-apples comparison of our performance on a year-over-year basis. On to the numbers!

For the first quarter, I’m pleased to report a record first quarter net profit of $402 million excluding net special credits. In the entire history of American Airlines, we have never earned $400 million in the first three months of a year, but in the first three months since the merger, we did. This is up significantly from a combined non-GAAP net profit of $62 million excluding net special charges for the same period of 2013.

Originally Posted by sailingfun (Post 1629436)

American's DB plan was well funded. There was no legal basis at all for its termination. It was not even considered in distress. Other then a few verbal statements no attempt was made to terminate the plan since it would not meet any legal test. Our plan was in a very different financial situation.

Originally Posted by sailingfun (Post 1629436)

American's DB plan was well funded. There was no legal basis at all for its termination. It was not even considered in distress. Other then a few verbal statements no attempt was made to terminate the plan since it would not meet any legal test. Our plan was in a very different financial situation.

Originally Posted by RetiredFTS (Post 1629305)

I am currently on a trip that is on my Apr schedule but not on my time card.:confused:

Originally Posted by sailingfun (Post 1629401)

91 percent of the pilots elected to sell via the claim. Those pilots never received any shares. If you got shares then you were part of the 9 percent who elected to receive stock. The claim was sold for just under 1.2 billion dollars. That was if I recall 5 percent of the company. It was the equivalent to about 21 a share.

Originally Posted by FmrFreightDog (Post 1629445)

I have a trip on the 26th that isn't on my timecard. Likewise, all the trips in open time on the 26th show as 0:00 credit on the first line and full credit on the second (ie. they look like a spill trip). Delta IT strikes again....

Originally Posted by sailingfun (Post 1629417)

You're correct there was a age component. I was also hired young and took a big hit however I believe the earnings number used was 8 percent per year to make the age adjustment. I have done much better then 8 percent. I have had several so called experts run my numbers. At age 60 I should have about 80 cents on the dollar compared to the original retirement plan and it's all in my name. Some pilots who invested better then me are claiming they will be better off. I just gave the money to financial engines.

Originally Posted by Timbo (Post 1629430)

More record earnings, here's a quick quote from American's quarterly report, suddenly Richard doesn't look like such a genius any more, if these guys are spitting out the same numbers prior to their full integration.

Oh, and despite all the dire claims from AA's management, that their Pilots had to flush their retirement plan or else they'd liquidate, um...seems they survived after all, and they kept their retirements:

Eps 0.65 vs est 0.48

Today we announced our first quarter 2014 financial results. Like last quarter, we’ll compare year-over-year results for American Airlines and US Airways on a combined basis, which is a non-GAAP (Generally Accepted Accounting Principle) formulation using AMR Corporation and US Airways Group. We’ll continue to report our results on a non-GAAP basis until 2015 when we have a true apples-to-apples comparison of our performance on a year-over-year basis. On to the numbers!

For the first quarter, I’m pleased to report a record first quarter net profit of $402 million excluding net special credits. In the entire history of American Airlines, we have never earned $400 million in the first three months of a year, but in the first three months since the merger, we did. This is up significantly from a combined non-GAAP net profit of $62 million excluding net special charges for the same period of 2013.