2018 PS Wag
 

For all the profit sharing gurus out there, ahead or behind of last years pathetic 6.9%? Just another area we are way behind our double breasted wearing brothers in the south.

Slightly behind. Instead of a Tesla, maybe this check will be a nice remodel of a guest bathroom. Every little bit helps.

Hey now. Those double breasted horse blankets may be uncomfortable, but at least they look like *road apples* :).....

It’s been going down every year. Last year was almost half the previous year. We ain’t gonna get get squat.

So we get another raise in January, you have the dream job most pilots would kill to get, on top of that you get another 7% profit sharing bonus, which is a big chunk of change. And you still you B$Tch. If you want a bigger profit sharing check bug our union to outsource a bunch of our international flying to our codeshare partners and sell of a bunch of our widebodies like Delta does.

Everyone loves a good rant, but that’s not why the delta PS check is so much more.

Can you compare Delta international flying to yours? How big is this difference?

This pound of 50's is a little heavy.

Best I can tell it's down from last year. I have been scouring our financials to try and see if they report it anywhere, and I found one consistent presentation with YoY results. Buried in the quarterly Investor Presentations on one of the last pages is a page where the company reconciles GAPP to Non-GAAP CASM. In that report they breakout the profit sharing as a piece of the CASM. In todays Q3 presentation they break out an estimate for FY2018 with a comparison to FY2017:

page 25 here: http://ir.united.com/~/media/Files/U...nings-call.pdf

Profit Sharing included in CASM

2017 .13 cents/mile x 234576 mil miles = $305 mil
2018 .12 cents/mile x 246304 mil miles = $296 mil

Now this isn't perfect because last year the PS pool was $349 mil not $305, and if you divide $349 mil by 234576 you get .149 cents which isn't what they are showing, but I think the YoY comparison is still relevant. If I'm right it looks like a hair under last years payout. Last year was 6% x W2 earnings for pilots.

Seems like we're earning more money, but at the cost of decreasing margins and for our PS calculations margins are key.

I’m sorry I didn’t come on here and post pictures of rainbows and C-172’s taking off on a sunny day and say what you wanted to hear.

Fact is the profit sharing is going down considerably YOY. Posting facts isn’t *****ing. I love my job. If you ever flew with me you’d know. You should really relax and not let words on a an Internet forum rile you up so easily. Saying we aren’t gonna get squat is my sarcastic humor. Nothing more. But you get your rape whistle and call out everyone who says something you didn’t like on the internet.