UAL's 4Q & 2009 (numbers)
01-27-2010, 07:13 AM
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UAL's 4Q & 2009 (numbers)
01-27-2010, 12:01 PM
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01-27-2010, 01:38 PM
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01-27-2010, 02:22 PM
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01-29-2010, 02:23 PM
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UAL Reality check: From years 2005-2008-
* There was a 9% reduction in UAL employees. (Since year 2000, UAL has lost 46% of their employees. This is the industry's highest loss of employees).
* UAL average revenue productivity per employee increased by 26.1%.
* AA, SWA, DAL & ALK expensed a higher ratio of revenue toward employee wage/benefits than UAL.
* Since year 2000, UAL employee wage expense is down by 45% (industry high).
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For years 2006-2008 the top 5 UAL executives:
* Collected $108 million in compensation (this was nearly twice the compensation any other airline awarded to their top executives).
* The top 5 UAL executive's average compensation was 129 times the average employee compensation. This was nearly twice the next highest airline.
* UAL had the industries highest ratio of operating revenue expensed to "executive compensation".
UAL operated in bankruptcy from December of 2002 until February of 2006. In addition to the above noted losses to employees, through the bankruptcy process, UAL employees lost from a lot to most of their pensions and many UAL labor groups are currently compensated at or near wage rates they had approximately 25 years ago.
Contrary to the suggestions above, from my perspective and the verifiable data, I can't see how UAL employee compensation and work-rules are responsible for UAL's poor financial performance.
As for UAL (supposedly) having ~half full aircraft; UAL has had at or near the industry's highest load-factors for the last decade.
Robert Herbst
AirlineFinancials.com
* There was a 9% reduction in UAL employees. (Since year 2000, UAL has lost 46% of their employees. This is the industry's highest loss of employees).
* UAL average revenue productivity per employee increased by 26.1%.
* AA, SWA, DAL & ALK expensed a higher ratio of revenue toward employee wage/benefits than UAL.
* Since year 2000, UAL employee wage expense is down by 45% (industry high).
-----------
For years 2006-2008 the top 5 UAL executives:
* Collected $108 million in compensation (this was nearly twice the compensation any other airline awarded to their top executives).
* The top 5 UAL executive's average compensation was 129 times the average employee compensation. This was nearly twice the next highest airline.
* UAL had the industries highest ratio of operating revenue expensed to "executive compensation".
UAL operated in bankruptcy from December of 2002 until February of 2006. In addition to the above noted losses to employees, through the bankruptcy process, UAL employees lost from a lot to most of their pensions and many UAL labor groups are currently compensated at or near wage rates they had approximately 25 years ago.
Contrary to the suggestions above, from my perspective and the verifiable data, I can't see how UAL employee compensation and work-rules are responsible for UAL's poor financial performance.
As for UAL (supposedly) having ~half full aircraft; UAL has had at or near the industry's highest load-factors for the last decade.
Robert Herbst
AirlineFinancials.com
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