Um, Contract '02 is CAL's current contract.

 

Are you dexim?

 

"Dumbfounded"....."Dexim"......Now "Catan".

Different name, different day.......Just the same psycho-babble drivel.

Nothing to see here.

 

Um, you profit sharing in Contract 2002 is expired. Just like our old payrates, both are history. Besides, according to you're fellow CAL pilots, your old profit sharing formula was not as lucrative as it is now. (15% of pre-tax profit). Like I said, enjoy the windfall. Enjoy the fact that you get PS, AND the fact that it is MORE than you got last year. I am sure there is a perfectly valid reason why UAL pilot's checks are less than last year's even though UCH earned more. Can't wait to hear it from Jeff himself.

Sled

 

Well looky here. An explanation. Not a good one, but an explanation none the less. The problem, as I see it, is that our contractual profit sharing is based on s-UAL earnings, not consolidated. And, our contractual ps is based on exluding special items, not adjusting for them. The ALPA audit will be interesting.

from Skynet:

Why was s-United' profit sharing payout higher than s-Continental last year?


In 2010, s-CO and s-UA had separate profit sharing plans that remained in effect after the merger in October 2010 through the end of 2010. While there were some differences in the terms of the plans, the primary difference in payouts last year was because United was more profitable than Continental in 2010 prior to the merger. For example, for the first nine months of 2010, UAL's stand-alone pre-tax profit adjusted to exclude special charges was $764 million and Continental's was $489 million.

In 2011, the new United established a single, combined profit sharing plan, the terms of which are identical for all eligible co-workers, and which is based on the company's consolidated profits (the profits of both subsidiaries combined). Despite a 36.5 percent rise in consolidated fuel expense for 2011 compared with 2010 (on a pro forma basis), excluding the impact of hedges, we were able to achieve a level of profitability for 2011 that provides profit sharing of approximately 5 percent of eligible earnings for participating employees. Overall, our profit was lower in 2011 than 2010. Adjusting both years for special items and excluding profit sharing expense, the 2011 profit was $1.33 billion and the combined 2010 profit of both companies was $1.488 billion. Had fuel prices been as high in 2010 as they were in 2011, neither subsidiary would have had profit sharing in 2010 on a stand-alone basis.

 

Position Report
(Friday - 02/10/12)

Quote: Captain Jay Pierce

On another positive note, I received a letter from management this week detailing the computations for the profit sharing distribution our pilots will receive next week. We, of course, will have ALPA E&FA verify the accuracy of the information provided, but at first glance, it appears valid. The CAL pilots’ share of the Company-wide $245 million profit-sharing pool is $31 million; each CAL pilot will receive roughly 4.983% of their eligible 2011 earnings. As you know, our participation in the plan for 2011 was not a certainty until recently. That does not mean, in any way, that you did not earn this compensation. You most certainly did and I know you will put the money to good use. Whether you use it to make up for some of the shortfalls of our current contract or save for a rainy day, you earned every dime.

 

I know you are trying to get the goat of the UAL crowd, but sorry, they know most of this and understand the logic and psychological reason for it being written and posted. The more he does this, the closer he gets you to crossing that line.

 

Keep trying, lol. Brain surgeons, oy.

 

Trying to make someone look bad?

 

Picture the dead horse here.....................