Search

Notices

3rd Quarter Earnings

Thread Tools
 
Search this Thread
 
Old 10-17-2016 | 12:50 PM
  #1  
Thread Starter
Gets Weekends Off
 
Joined: Jun 2010
Posts: 417
Likes: 0
From: Schempp-Hirth
Default 3rd Quarter Earnings

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

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

Last edited by UAL T38 Phlyer; 10-18-2016 at 02:29 PM. Reason: Title Typo
Reply
Old 10-17-2016 | 12:59 PM
  #2  
Line Holder
 
Joined: Dec 2015
Posts: 926
Likes: 19
From: B777 CA
Default

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.
Reply
Old 10-17-2016 | 02:35 PM
  #3  
Line Holder
 
Joined: May 2015
Posts: 1,200
Likes: 33
From: 777 CA
Default

Originally Posted by Boeing Aviator
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.

Last edited by UALinIAH; 10-17-2016 at 02:48 PM.
Reply
Old 10-17-2016 | 03:37 PM
  #4  
Gets Weekends Off
 
Joined: Aug 2015
Posts: 1,561
Likes: 0
From: Captain
Default

Originally Posted by Boeing Aviator
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.


15.2% of your W2 excluding the PS for 2015 that was add on will be your 2016 PS check next March 1st
Reply
Old 10-17-2016 | 03:52 PM
  #5  
Line Holder
 
Joined: May 2015
Posts: 1,200
Likes: 33
From: 777 CA
Default

Originally Posted by Sniper66
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.
Reply
Old 10-17-2016 | 06:09 PM
  #6  
Flyguppy's Avatar
Gets Weekends Off
 
Joined: Jul 2007
Posts: 190
Likes: 0
From: IAH 320 CA
Default

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
Reply
Old 10-17-2016 | 06:17 PM
  #7  
Gets Weekends Off
 
Joined: May 2009
Posts: 2,032
Likes: 18
Default

Originally Posted by Flyguppy
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.
Reply
Old 10-17-2016 | 06:19 PM
  #8  
Line Holder
 
Joined: May 2015
Posts: 1,200
Likes: 33
From: 777 CA
Default

Originally Posted by Flyguppy
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
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.
Reply
Old 10-17-2016 | 06:41 PM
  #9  
Flyguppy's Avatar
Gets Weekends Off
 
Joined: Jul 2007
Posts: 190
Likes: 0
From: IAH 320 CA
Default

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

7.2% less for the year so far.
Reply
Old 10-17-2016 | 06:42 PM
  #10  
Line Holder
 
Joined: May 2015
Posts: 1,200
Likes: 33
From: 777 CA
Default

Originally Posted by Flyguppy
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
Reply
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
1st Supersonic
Atlas/Polar
20692
04-19-2026 01:58 AM
Vital Signs
Delta
78
02-03-2016 10:54 AM
guppyflyer
United
9
10-22-2015 08:28 AM
Timeoff2fish
Cargo
9
07-26-2010 05:13 PM
Sasquatch
Cargo
0
06-21-2006 08:45 PM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices