3rd Quarter Earnings
 

United Airlines Reports Third-Quarter 2016 Performance - Oct 17, 2016

Pre-tax margin: 15.2%
Net income: $965M

But most important to us re profit sharing. Pre tax earnings excluding special items 1.6B vs 1.7B 3Q 2015.

From today's company press release.
"Excluding special items, UAL reported third-quarter net income of $997 million, diluted earnings per share of $3.11, pre-tax earnings of $1.6 billion and pre-tax margin of 15.7 percent."

2016 2015

1Q 688M 582M
2Q 1.4B. 1.3B
3Q. 1.6B. 1.7B

3.68B 3.58B

So we are 100M ahead YTD so far for profit sharing purposes.

Don't forget that not only are we 100M ahead, but we're .8% higher profit margin YTD meaning more profit in the 20% pool.

15.2% of your W2 excluding the PS for 2015 that was add on will be your 2016 PS check next March 1st

Sorta need to see how the 4th quarter goes before we make those sort of predictions. One or 2 major snowstorms can completely change a quarter.

If you think we are getting the same as last year......

How do you explain that almost 30% less has been put away for profit sharing YTD vs. last year at this time?

$204mill put away so far vs. $277mill at this time last year.

See page 12

http://ir.united.com/~/media/Files/U...gs-release.pdf

I'm assuming most people's W-2 wages increased due to a higher rate hour, obviously not 30% but it's a fairly big jump.

That was for the quarter. Look to the right for full year. 39M less for the year than last year. So 7.2% less. But remember, pilots are the only ones (I believe) that still get the 20% bump above 6.9% margin. And year to date we are .8% above last years margin. 13.1 vs 12.3. FAs new contract for example is only 10% vs 15% last year, so their share went down.

I don't think we'll get more this year, but I think we'll be pretty close to the same % as last year unless we miss our Q4 numbers based off the fact that we get a bigger slice of the pie the higher the profit margins are.

Ah....so 26% less was just for this Q.

7.2% less for the year so far.

Yep.

The columns on the right are "9 months ending". Had to type something cause yep wasn't enough lol