3rd Qtr Earnings

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10-19-2023 | 02:45 PM

#31

sourdough44

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Recent years profit sharing was nil, so new hires didn’t lose out.

10-19-2023 | 03:09 PM

#32

m3113n1a1

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Quote:

Originally Posted by ThumbsUp

I’m just saying that over a career, it’s not really going to matter as it’s a wash. Pay new hires PS, everyone else gets less. In a year, you’re getting more.

If a pilot works January-May and then retires, does he get profit sharing for those 5 months worked?

10-19-2023 | 04:47 PM

#33

Sniper66

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From: Captain

Quote:

Originally Posted by m3113n1a1

If a pilot works January-May and then retires, does he get profit sharing for those 5 months worked?

yes
they do get PS

10-19-2023 | 05:05 PM

#34

kevin18

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Quote:

Originally Posted by ThumbsUp

It may seem like it's eating your young, but not really. Since the profit sharing pool is finite, you're just getting more money later on as opposed to getting that first check.

Great, pad that 300k+ check not the 5 figure one… As a January 3rd hire not a fan.

10-19-2023 | 05:31 PM

#35

Chuck D

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Quote:

Originally Posted by kevin18

Great, pad that 300k+ check not the 5 figure one… As a January 3rd hire not a fan.

everything has a cutoff date. If your kid is born 1 JAN bummer on your taxes. It’s all good. If you were an April hire you’d miss the vacation cycle. If you were a DEC hire you’d prob mess up your Christmas plans. It’s all good and you can literally bid for any $300k+++ position you want today. So do it and don’t look back.

10-19-2023 | 05:33 PM

#36

ThumbsUp

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Quote:

Originally Posted by kevin18

Great, pad that 300k+ check not the 5 figure one… As a January 3rd hire not a fan.

You’ll be getting the money now or later. Not sure why the company (not our union) decided on that, although I think it probably works out better in the long run for pilots to not have all employees less than a year (there are a lot of more of them than us), taking a slice of the pie. If it were just pilots, it’s a wash, but it’s not.

10-19-2023 | 08:24 PM

#37

m3113n1a1

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Quote:

Originally Posted by ThumbsUp

Might as well make it 2 years or 5 years with that logic then? (As long as other work groups had to wait that long as well)

10-19-2023 | 09:32 PM

#38

AbjectFutility

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Quote:

Originally Posted by m3113n1a1

Might as well make it 2 years or 5 years with that logic then? (As long as other work groups had to wait that long as well)

You should probably go complain on the UAL management forum since they control this...

10-20-2023 | 01:09 AM

#39

kevin18

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Quote:

Originally Posted by AbjectFutility;[url=tel:3712633

3712633[/url]]You should probably go complain on the UAL management forum since they control this...

It’s a union negotiated item agreed upon with management, not controlled. There’s a difference. If someone is making money for the company and profit sharing exists with that group then they should see the fruits of their labors. It’s something I let my reps know is important to me and want to see in the contract. Not a fan of pulling ladders up.

10-20-2023 | 01:36 AM

#40

ThumbsUp

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Quote:

Originally Posted by kevin18

The year part is in the United (not our CBA) profit sharing plan. My assumption is that it wasn’t negotiated because it wasn’t at best a wash and at worst a negative to the pilot group. And by negative, I mean every pilot, new hires included, would get less money somehow. I used to be able to find the corporate plan, but it’s now buried on FT.

Last edited by ThumbsUp; 10-20-2023 at 01:53 AM.