LCAL Profit Sharing 2011 Possibility
12-10-2011, 11:00 AM
#21
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Originally Posted by Regularguy
For all you LCAL guys and gals it looks like you will get a 2011 profit sharing after all. Rumor has it the T&PA will be fully extended into 2012 for a share of the 2011 profits for LCAL pilots. The cost to this is there won't be any ORD or DEN B737 Pilot Bases in 2012. Additionally I suspect there is some recalling possibilities coming on the LUAL side.
Here's where I read it, straight from you. Perhaps I didn't understand what you were saying as I alluded to when I said I was confused by your post. What do you mean by "for a share"?
Instead of criticizing and accusing me of some made up agenda perhaps you should make your posts more clear? Guess you missed it when I said this as well:
Those who have thought this out thoroughly, myself included, do not want to see any whipsawing at all and would prefer we keep a status quo.
I've been noticing a trend with some UAL types on here. Some of us will post something on the forum, and in some cases even agreeing with you, and immediately be lambasted and accused of subterfuge. I have no agenda and was trying to make heads or tails of your very confusing post.
Your not related to Coto are you?
12-10-2011, 12:06 PM
#22
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757Dude: Hey if it's a nice smooth clear and sunny day, you slept well last night and the FAs are very friendly to you, do say "wait till tomorrow, things will be worse." Is there a grey cloud in your sunshine? OK I give, I guess "...for a share of the 2011 profits for LCAL pilots" means a "reduced amount" according to you. Or maybe could it mean, "the share you are due based upon the previous profit sharing agreement." Take your pick.
12-10-2011, 12:45 PM
#23
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Originally Posted by Regularguy
757Dude: Hey if it's a nice smooth clear and sunny day, you slept well last night and the FAs are very friendly to you, do say "wait till tomorrow, things will be worse." Is there a grey cloud in your sunshine? OK I give, I guess "...for a share of the 2011 profits for LCAL pilots" means a "reduced amount" according to you. Or maybe could it mean, "the share you are due based upon the previous profit sharing agreement." Take your pick.
On another note, care to explain what you really meant?
12-10-2011, 02:12 PM
#24
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Originally Posted by dumbfounded
Regularguy - I wouldn't waste you time on this guy. He trolls this web site looking for something or someone to attack. The CAL guys have been fighting themselves for years and guys like this have been allowed to attack at will. Maybe he didn't get enough hugs when he was young, but if the CAL guys allow him to start a food-fight - bring it on!
12-10-2011, 02:21 PM
#25
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Originally Posted by dumbfounded
The CAL guys have been fighting themselves for years and guys like this have been allowed to attack at will.
Just about EVERY Airline on some level has experienced "Fighting Themselves" within, some more than others.
In the past, L-CAL has been guilty as charged. However, L-UAL is NO exception.......Pot meet Kettle? Give it a BREAK!!
Originally Posted by gettinbumped
As a United pilot, I fail to see why on earth you are choosing to stir this pot now? Put the talk about career expectations et al on ice until we have a JCBA. This devicive talk is not helpful, regardless of what Pierce says or does. Let's face it, Wendy hasn't exactly blown anybody away with her handling of this merger.
Paraphrasing HSLD a few weeks back when he locked down your thread, "We get your point".
Move on....
12-10-2011, 03:12 PM
#27
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Originally Posted by dumbfounded
Thank You! Maybe your buds will chime in with support for your agenda. Hold you head high as you walk in the crew room and be proud - let them know what you're doing and maybe WHY?
I guess that's what I deserve for agreeing with you. No wonder your student council is so jacked-up.
12-11-2011, 05:33 AM
#28
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Joined APC: Jun 2008
Position: 737 CAPT
Posts: 1,882
Originally Posted by APC225
UAL gets profit sharing by contract in perpetuity, CAL is by "agreement." Last year UAL pilots got 5.9% of W2, CAL got 3.9%. A $6400 check at UAL becomes a $4300 check at CAL. Good on UAL for getting it.
Originally Posted by APC225
Plus, the profit set aside through 3Q2011 already exceeds all of 2010. If 4Q2011 holds up, the profit sharing pool will be 20% more than last year. I don't know how the UAL contract is written, but this 20% should increase CAL pilots to about 4.5% of W2 because the TPA basically pulls the CAL pilots into the current plan for the rest of the CAL employees.
The Continental Airlines Employee Profit Sharing Plan prior to January 1, 2011 was based on a completely different formula method. This is not just pilots but all employees. Our profit sharing for 2010 and earlier was based on varying percentages at different thresholds of profit. As an example: 25% of the first $250 million, 20% of $250-500 million, 15% of the next XXX, etc. I no longer have the prior plan document so I don't know the exact percentages and income levels. These are examples.
If I am not mistaken, UAL during that time, along with DL, was using a flat 15% on all profits. United earned more than Continental for 2010 and thus had a bigger profit sharing pool even with the flat 15% level.
Last year after the merger was approved, one of the things management announced was an alignment of the new profit sharing plan starting January 1, 2011. It calls for the flat 15% of prior year's profits to be put into the pool for distribution.
Various percentages of W2 in the past won't really mean anything going forward considering we have gone from two vastly different profit sharing plans to one uniform plan.
12-11-2011, 07:29 AM
#29
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Posts: 3,866
EWRflyr, thanks. Aren't UAL pilots covered by their own CBA? I didn't realize theirs had been substituted by the TPA. Both estimates are guesses on my part based simply on last year's and this year's numbers.
Last edited by APC225; 12-11-2011 at 10:49 AM.
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