Sharing those profits!!!!

[Wiskey Driver]

Hey 737PYLT where's your check, did they tell you it's in the mail???:blush: :laugh:

WD.



Press ReleaseSource: US Airways
US Airways' Employees Share $58.7 Million in Profit Sharing
Wednesday March 14, 10:00 am ET Airline Distributes First Profit Sharing Checks Since Merger
TEMPE, Ariz., March 14 /PRNewswire-FirstCall/ -- More than 35,000 US Airways (NYSE: LCC - News) employees, furloughees and retirees in the US, Canada, Europe, the Caribbean and Latin America are sharing in the airline's 2006 profits when checks totaling $58.7 million are distributed today.

"We are simply delighted to distribute profit sharing checks to our outstanding employees, especially given only two years ago, US Airways was nearing liquidation and America West's own future was uncertain. To say we've come a long way in a short amount of time is a vast understatement and I couldn't be more proud or privileged to be part of this team," said Chairman and CEO Doug Parker in a message thanking employees for "continued dedication to building a winning airline."
US Airways' profit sharing program sets aside 10 percent of the airline's annual pre-tax profits (excluding special items). The airline posted a 2006 net profit (excluding special items) of $507 million as announced earlier this year. Employees of US Airways and its wholly owned US Airways Express carriers participate in the program.
Around the US Airways system, employees will celebrate at barbeques, ice cream socials, buffets and more to commemorate a profitable year. 2006 was the first full year for US Airways as a combined carrier, following its merger with America West Airlines in 2005. Last year's milestones include:
* All customer facing areas at all 38 overlap cities now combined * Strong Philadelphia baggage improvement: 95% of local bags arriving at baggage claim within 19 minutes * Full year profit of $507 million * Embraer 190 added to mainline fleet * Six $50 payouts for on-time performance; ranked second (against major airlines) for 2006 as a whole * Launched the new usairways.com * 100 pilots and 200 flight attendants recalled
US Airways is the fifth largest domestic airline employing more than 35,000 aviation professionals worldwide. US Airways, US Airways Shuttle and US Airways Express operate approximately 3,800 flights per day and serve more than 230 communities in the U.S., Canada, Europe, the Caribbean and Latin America. The new US Airways -- the product of a merger between America West and US Airways in September 2005 -- is a member of the Star Alliance network, which offers our customers 16,000 daily flights to 855 destinations in 155 countries worldwide. This press release and additional information on US Airways can be found at www.usairways.com. (LCCG)
-Fly with US-

 

[vetrider]

After taxes and the regular 401k contribution what I actually got in my checking account was, well.......................better than a stick in the eye I guess.

I suppose its wrong to condemn and then go cash a check, so it truly is better than a stick in the eye, but I'd be more impressed with movement at the table than the constant never ending stroke job were getting now.

 

[Jaffo]

After taxes and the regular 401k contribution what I actually got in my checking account was, well.......................better than a stick in the eye I guess.

I suppose its wrong to condemn and then go cash a check, so it truly is better than a stick in the eye, but I'd be more impressed with movement at the table than the constant never ending stroke job were getting now.

I agree but,
Not much better, considering how much Parker's profit sharing check was!

 

[DustyBottoms]

After taxes and the regular 401k contribution what I actually got in my checking account was, well.......................better than a stick in the eye I guess.

I suppose its wrong to condemn and then go cash a check, so it truly is better than a stick in the eye, but I'd be more impressed with movement at the table than the constant never ending stroke job were getting now.

Amen. I'm getting sore.