Q1 Loss
03-16-2023 | 05:11 AM
#42
Line Holder
Joined: Jul 2021
Posts: 582
Likes: 27
Is this from hiring more pilots than are retiring, or from the pilot labor rates? Seems like United isn’t growing available seat miles as fast as it is adding pilots to the payroll, and then blaming a CBA.
03-16-2023 | 07:37 AM
#43
Line Holder
Joined: Apr 2016
Posts: 378
Likes: 31
The Company has determined that it is appropriate to accrue expense in the first quarter 2023 related to a potential new collective bargaining agreement with employees represented by the Air Line Pilots Association. This accrual represents a shift in the timing of the associated expense from the second quarter 2023 into the first quarter 2023.
https://ir.united.com/node/30341/html
03-16-2023 | 09:29 AM
#44
Prime Minister/Moderator
Joined: Jan 2006
Posts: 44,882
Likes: 682
From: Engines Turn or People Swim
03-16-2023 | 09:42 AM
#45
On Reserve
Joined: Nov 2015
Posts: 155
Likes: 7
I highly doubt in this negotiating environment C-suite management is sitting around trying to figure out how to, "scare" the pilots. It is clearly a financial excuse to hide softer than planned demand through Jan-Feb with the higher fuel costs hidden in the obscurity of the pilot contract.
This entire 8k filing is bogus news.
04-12-2023 | 07:05 PM
#46
Gets Weekends Off
Joined: Dec 2019
Posts: 1,318
Likes: 0
already being discussed:
This is straight out of the 8k
the Company has determined that it is appropriate to accrue expense in the first quarter 2023 related to a potential new collective bargaining agreement with employees represented by the Air Line Pilots Association. This accrual represents a shift in the timing of the associated expense from the second quarter 2023 into the first quarter 2023.
This is straight out of the 8k
the Company has determined that it is appropriate to accrue expense in the first quarter 2023 related to a potential new collective bargaining agreement with employees represented by the Air Line Pilots Association. This accrual represents a shift in the timing of the associated expense from the second quarter 2023 into the first quarter 2023.
04-12-2023 | 09:14 PM
#47
Moderator
Joined: Sep 2017
Posts: 3,202
Likes: 0
From: MEC Chairman, Snack Basket Committee
It's another empty threat. I don't think the company can afford to go to mediation.. that would mean hundreds more unfilled CA vacancies. There's no way they could absorb that.
04-12-2023 | 09:15 PM
#48
Line Holder
Joined: Oct 2021
Posts: 56
Likes: 0
04-12-2023 | 11:50 PM
#49
Line Holder
Joined: Jan 2006
Posts: 1,734
Likes: 12
Whenever there is a new contract (I predict 2024), the seniority required to hold captain will increase. Therefore I predict some junior th pilots taking the plunge over the next few months in order to lock in their spot that they won’t be able to hold after the new contract.
Last edited by iahflyr; 04-13-2023 at 12:22 AM.
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