Profit sharing speculation
08-26-2015, 10:12 AM
#1
Gets Weekends Off
Thread Starter
Joined APC: Aug 2015
Position: Captain
Posts: 1,561
Profit sharing speculation
Is it fair to say since profit sharing was 3.87 or so percent for 2014 on a 1.1 billion profit that the 2015 should be 3 times more since the end year profit expected to be around 3.5 billion ?
Any thoughts ?
Any thoughts ?
08-26-2015, 10:40 AM
#2
Banned
Joined APC: Jun 2008
Position: A320 Cap
Posts: 2,282
Originally Posted by Sniper66
Is it fair to say since profit sharing was 3.87 or so percent for 2014 on a 1.1 billion profit that the 2015 should be 3 times more since the end year profit expected to be around 3.5 billion ?
Any thoughts ?
Any thoughts ?
08-26-2015, 11:12 AM
#3
Gets Weekends Off
Joined APC: May 2015
Position: 777 CA
Posts: 1,029
gettingbumped described it pretty well. The exact number is 6.9% profit margin. We're ahead of the curve now, but never underestimate our leadership's ability to screw it up.
3-H-3 in the contract is your reference
3-H-3 in the contract is your reference
08-26-2015, 12:20 PM
#4
Gets Weekends Off
Joined APC: Feb 2011
Posts: 3,866
Originally Posted by Sniper66
Is it fair to say since profit sharing was 3.87 or so percent for 2014 on a 1.1 billion profit that the 2015 should be 3 times more since the end year profit expected to be around 3.5 billion ?
Any thoughts ?
Any thoughts ?
08-26-2015, 01:13 PM
#5
Gets Weekends Off
Joined APC: Jun 2010
Position: 747 Captain, retired
Posts: 928
Originally Posted by gettinbumped
Not really. Profit sharing percentage goes up to 20% from 10% for profit margin over a certain number that I can't remember off the top of my head (6%?), so it's not as simplistic as that. That being said, I've been around long enough to see the wheels come off faster than Josh Duggar can check into rehab, so I wouldn't start doing any math until after the 4th quarter
08-26-2015, 02:29 PM
#6
Gets Weekends Off
Joined APC: Dec 2008
Position: 320 Captain
Posts: 634
Originally Posted by APC225
First year profit sharing formula was a lure (among others) to sign the contract. It tails off significantly now and I think many folks who don't pay attention and do napkin-based estimates based on last year's amount will be howling on Valentine's Day.
Actually last years profit sharing program is the same as this years is. (10% up to a 6.9% threshold, then 20% payout above that)
2013 was the last year of the old way of calculating it. (Straight 15%)
08-26-2015, 02:33 PM
#7
Banned
Joined APC: Jun 2008
Position: A320 Cap
Posts: 2,282
Originally Posted by C11DCA
Actually last years profit sharing program is the same as this years is. (10% up to a 6.9% threshold, then 20% payout above that)
2013 was the last year of the old way of calculating it. (Straight 15%)
2013 was the last year of the old way of calculating it. (Straight 15%)
08-26-2015, 03:39 PM
#8
Gets Weekends Off
Joined APC: Nov 2010
Posts: 3,071
Originally Posted by APC225
First year profit sharing formula was a lure (among others) to sign the contract. It tails off significantly now and I think many folks who don't pay attention and do napkin-based estimates based on last year's amount will be howling on Valentine's Day.
08-26-2015, 03:41 PM
#9
Gets Weekends Off
Thread Starter
Joined APC: Aug 2015
Position: Captain
Posts: 1,561
Originally Posted by C11DCA
Actually last years profit sharing program is the same as this years is. (10% up to a 6.9% threshold, then 20% payout above that)
2013 was the last year of the old way of calculating it. (Straight 15%)
2013 was the last year of the old way of calculating it. (Straight 15%)
So on 38.5 billion sales if we profit 3.5 billion that more than 6.9% therefore 10 percent profit for up to the 6.9% and the rest 2.5% percent profit we get 20% correct?
08-26-2015, 04:03 PM
#10
Gets Weekends Off
Joined APC: Dec 2008
Position: 320 Captain
Posts: 634
Originally Posted by Sniper66
So on 38.5 billion sales if we profit 3.5 billion that more than 6.9% therefore 10 percent profit for up to the 6.9% and the rest 2.5% percent profit we get 20% correct?
Courtesy of Yahoo finance:
UAL Analyst Estimates | United Continental Holdings Stock - Yahoo! Finance
Shares outstanding are 377.76 million. Consensus Estimates for 2015 is $10.98 /share for a "estimated profit" of $4,147,807,800 ($4.147 billion) on $37.97 billion in revenue.
So in theory, slightly less revenue, but bigger profit means a bigger slice of the 20% kicker.
In theory.
Not budgeting any profit sharing payout for future family expenditures.
Thread
Thread Starter
Forum
Replies
Last Post
