$640M 4Q UAL loss - profit sharing?
01-24-2013, 08:03 AM
#1
APC co-founder
Thread Starter
Joined APC: Feb 2005
Position: B777
Posts: 5,853
$640M 4Q UAL loss - profit sharing?
$723 million loss for the year, $640 million loss in the 4th quarter alone - now with job cuts.
http://www.chicagotribune.com/busine...,4867525.story
Some UAL pilots have been on furlough for going on 10 years and are still on the street. I'm shocked that anyone would consider applying here until the company actually showed some stability.
SJS is alive and well.
http://www.chicagotribune.com/busine...,4867525.story
Some UAL pilots have been on furlough for going on 10 years and are still on the street. I'm shocked that anyone would consider applying here until the company actually showed some stability.
SJS is alive and well.
01-24-2013, 08:14 AM
#4
APC co-founder
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Joined APC: Feb 2005
Position: B777
Posts: 5,853
Originally Posted by Ottopilot
Plan on being last on the list. 
01-24-2013, 08:19 AM
#5
Gets Weekends Off
Joined APC: May 2007
Position: A320 Captain
Posts: 1,982
Originally Posted by HSLD
With 1436 furloughed pilots to potentially come back in front of new hires and a merged company that can't turn a profit, I agree that they'll be last on the list for a long while!
01-24-2013, 08:29 AM
#6
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Joined APC: Jun 2008
Position: A320 Cap
Posts: 2,282
Originally Posted by HSLD
$723 million loss for the year, $640 million loss in the 4th quarter alone - now with job cuts.
United Continental to cut 600 front-office jobs - chicagotribune.com
Some UAL pilots have been on furlough for going on 10 years and are still on the street. I'm shocked that anyone would consider applying here until the company actually showed some stability.
SJS is alive and well.
United Continental to cut 600 front-office jobs - chicagotribune.com
Some UAL pilots have been on furlough for going on 10 years and are still on the street. I'm shocked that anyone would consider applying here until the company actually showed some stability.
SJS is alive and well.
We reported a full year profit of $589 million before special items related to the merger, contract etc. etc.
Your point about the company's stability is well taken, as this management team seems to be in the weeds
01-24-2013, 08:53 AM
#8
Gets Weekends Off
Joined APC: Oct 2006
Position: 737
Posts: 590
Originally Posted by HSLD
$723 million loss for the year, $640 million loss in the 4th quarter alone - now with job cuts.
United Continental to cut 600 front-office jobs - chicagotribune.com
Some UAL pilots have been on furlough for going on 10 years and are still on the street. I'm shocked that anyone would consider applying here until the company actually showed some stability.
SJS is alive and well.
United Continental to cut 600 front-office jobs - chicagotribune.com
Some UAL pilots have been on furlough for going on 10 years and are still on the street. I'm shocked that anyone would consider applying here until the company actually showed some stability.
SJS is alive and well.
589 million profit for the year...and when you merge 2 companies, cuts at the top are very normal..no surprise here.
01-24-2013, 09:13 AM
#9
Gets Weekends Off
Joined APC: Nov 2010
Posts: 3,071
Originally Posted by gettinbumped
Agreed that the performance is NOT stellar, but the title is a little misleading. We will be getting profit sharing this year, albeit quite a bit less than the last two years. Total for employee group is $119 million.
We reported a full year profit of $589 million before special items related to the merger, contract etc. etc.
Your point about the company's stability is well taken, as this management team seems to be in the weeds
We reported a full year profit of $589 million before special items related to the merger, contract etc. etc.
Your point about the company's stability is well taken, as this management team seems to be in the weeds
01-24-2013, 09:20 AM
#10
Banned
Joined APC: Aug 2010
Position: next to chronic complainers...
Posts: 364
Originally Posted by HSLD
$723 million loss for the year, $640 million loss in the 4th quarter alone - now with job cuts.
United Continental to cut 600 front-office jobs - chicagotribune.com
Some UAL pilots have been on furlough for going on 10 years and are still on the street. I'm shocked that anyone would consider applying here until the company actually showed some stability.
SJS is alive and well.
United Continental to cut 600 front-office jobs - chicagotribune.com
Some UAL pilots have been on furlough for going on 10 years and are still on the street. I'm shocked that anyone would consider applying here until the company actually showed some stability.
SJS is alive and well.
each UAL furlough has been offered a job twice, CAL is running out of UAL furloughed interested pilots and has to hire off the street. 412 retirements scheduled in 2013, and additional 500 needed now to fulfill requirement for TA work rules, and 2014 FAR changes.
What else a prospective new hire pilot should wait for?
I know arithmetic is not the strongest for some, but in this case I think it does not lie.
Scheduled retirements for next 10 years - over 4700 pilots...
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