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Originally Posted by HSLD
(Post 1075084)
Couldn't agree more, the ESOP is over, now I just work here. The problem with variable compensation (aside from being variable), is that the threshold for receiving a bonus is a moving target set by (you guessed it) management. The operation could perfom flawlessly with employees going over and above everything in their job description and you could still get Sigma Six'd out of your bonus.
Management has way to many tools in their accounting toolbox to affect earnings (new debt, retiring old debt, etc, etc.) to assume that variable compensation will be a serious contributor to W2 earnings. I'd much rather have industry leading solid scope, pay rates, and work rules. Variable compensation is an illusion, let 'em keep the cash to pay for a solid contract. I just work here. And, while it would be a perfect world to have ALPA's inputs into the operational improvement of the company be welcomed and seriously considered, they are mgmt, you are a pilot. They play stock price games, accounting games, etc. Don't allow any part of your compensation to be tied to the reported profit, pre-tax or whatever. If the company is doing well, you'll see that "profit sharing" in growth and seat progression. Again, my 2 cents. Lee |
Originally Posted by LeeFXDWG
(Post 1075443)
Shack!!!!
And, while it would be a perfect world to have ALPA's inputs into the operational improvement of the company be welcomed and seriously considered, they are mgmt, you are a pilot. They play stock price games, accounting games, etc. Don't allow any part of your compensation to be tied to the reported profit, pre-tax or whatever. If the company is doing well, you'll see that "profit sharing" in growth and seat progression. Again, my 2 cents. Lee |
United Continental Holdings today reported third-quarter 2011 net income of $773 million . . .
UAL ended the third quarter with $8.4 billion in unrestricted cash . . . There is . . . Cash for UAL 2000 pay rates, inflation adjusted Cash for UAL 2000 work rules Cash for full retro . . . mountains of it. |
Originally Posted by syd111
(Post 1075480)
A perfect world to have alpa input to the company operation? no thanks!
That's your perogative. And, not company operation, but operational guidance. Things like SOC training, scheduling, and so on. Those ALPA actions have existed for many decades but are now more or less disregarded. Mgmt is mgmt. Pilots are pilots. Operational input from the experts on such items would only improve the end game result. But, as you see from SOC alone, mgmt in the new U will do whatever they can get away with, and you get the result you must live with. That was my point. Take it for what you will. Mgmt will always be your enemy because they want the best pilot (or any other widget) to work for the lowest wage. No brainer. Frats, Lee |
Airline financial data released by the Department of Transportation shows U.S. airlines collected $1.5 billion from baggage fees and reservation change fees in the second quarter of 2011. The biggest benefactors are carriers that serve airports in the Houston region.
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Originally Posted by iahflyr
(Post 1038852)
This information does not mean much unless we know how much costs have increased over the past 4 years, and how much fares have increased (probably decreased) over the past 4 years. Only then will we know what has happened to the bottom line over the past 4 years.
That will definetely help the increase or decrease of any fares for the last 4 years. After all, you think you are so smart and maybe not even a pilot. Let me guess......you are a management guy !! " THERE IS ALWAYS ONE LIKE YOU " One of our worst enemies. |
Originally Posted by iahflyr
(Post 1038852)
This information does not mean much unless we know how much costs have increased over the past 4 years, and how much fares have increased (probably decreased) over the past 4 years. Only then will we know what has happened to the bottom line over the past 4 years.
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Originally Posted by XHooker
(Post 1076418)
Either you've got your head in/up... (insert favorite location here) or you're writing this stuff for Jeff.
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WASHINGTON (AP 2 Nov) — The parent company of United and Continental airlines spent $680,000 to lobby the government during the third quarter, according to a recent disclosure report.
Topics included a House bill that would bar U.S. airlines from paying a European emissions tax. Starting Jan. 1, the EU plans to include all airlines flying to and from its 27 member countries in its cap-and-trade program. United Continental Holdings Inc. also lobbied on federal aviation issues, including funding for the Federal Aviation Administration. The company said it monitored legislative and federal activity related to pilot flight time rules, aviation security, planned navigation upgrades, and baggage policies for members of the armed forces. The company also lobbied on spending for the Department of Homeland Security, which runs the Transportation Security Administration, the agency that screens airline travelers. The lobbying for the July-September quarter was disclosed in a report filed Oct. 18 with the House Clerk's office. United Continental was formed on Oct. 1, 2010, by the combination of United and Continental airlines. United Continental spends $680,000 on 3Q lobbying - CBS MoneyWatch.com |
PARIS/CHICAGO (Reuters) - Airbus (Paris:EAD.PA) and Boeing (NYSE:BA) are bidding to sell around 150 jets to United Continental (NYSE:UAL) as the world's largest airline joins an industry-wide scramble for fuel savings, people familiar with the matter said.The roughly $15 billion deal . . . . |
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