Agree

Although it may slightly bias payouts away from newer hires

Yes, you are correct (in a way). The pool of money that makes up the profit sharing is not increased or decreased because of retro. You will get more money on the profit sharing than you would have otherwise, though. There are 1000s of people here who didn’t get the full bonus because they’ve only been here a couple of years. The net effect of that is a lower % overall, but a bigger net check to you, if that makes sense.

That will be an easy enough calculation once the full year numbers are in. My current guess is that the 6.7% margin (the old calculation) is likely to be about 800 million more profit that would have been contributed at 10% vs now being contributed at 20%, a difference of about 80M in the profit sharing pool for our calculation purposes. That will be a good amount of additional money.

When we originally agreed to 6.7%, the costs were so much lower the 6.7% was basically equivalent to the 2.5B$ of profit that Delta had, unfortunately we didn't have the foresight to see that as both cost and revenue went up our 6.7% would be a higher and higher threshold while Delta's would remain at 2.5B. That was an expensive math lesson that we finally corrected!

Agreed. INFLATION. The margin stays the same but over 20 years that 10%/20% on the $$$$ (below/above 2.5B) pays off in golden nuggets, even though the margin may stay constant. Oh, did I mention DC on the PS.:D

I’m still pretty new here with UAL and especially when it comes to profit sharing. Previous airlines didn’t have that. Are we getting a ps check or do we have to wait for 4th quarter results?
‘Thanks in advance for any information to help clarify it for me.

We get PS for full year results. We should see PS checks in February 24'.

If you have been here for 1 year as of Dec 31st, you will get it paid out in Feb.

Thank you cfouriv and ThumbsUp

Ah, you guys didn't fix that then? Delta pays PS to everyone who worked even a couple of days the previous year. And retirees also get PS on whatever work they did before they retired.

There’s a clause that <1 year pilots will get it if United ever decides to extend that policy to another work group.
I wish we got that changed outright (even though it doesn’t affect me), never been a fan of eating the young and it’s unfair that someone who starts the first week of Jan gets nothing but someone that starts the last week of December gets the full thing.