United and Continental Q3 Profits.

[COpilot]

where have you been?

Good question, I think I was in denial (pi$$ed) after C02 profit sharing expired.

 

[densoo]

Your gross will increase for taxation purposes only. The money hasalready been paid to you in health care benefits.

You would think if they are going to show this on your W2 that you would be able to deduct it next year as well. I think the amounts to be taxed though, are still subject to change. I hope the numbers listed are correct because I just looked at mine and it says CAL paid me almost $11K last year in health benefits.

All that aside, if this amount is listed on your W2 by CAL, will it be included in your final compensation when determining your profit sharing for 2010? $500 more is $500 more.

So I assume that if one doesn't get their medical through CAL then this is a moot point for them?

 

[ualdriver]

Wow, we made a net profit commensurate with what other businesses make in other industries. The combined profit also doesn't reflect that there should be a few hundred million in synergies to be gained in the future once the airlines are fully merged. Also, UAL and CAL have some wage costs that they're going to have to pony up for just about every employee group on the property- especially the pilots who have sacrificed the most. That may cost them a few 100 million annually in itself.

Now the question for the future becomes, will the airline industry put "rational" amounts of capacity back into the market in the future so that we can continue to enjoy levels of profitability that other industries normally enjoy? Or are these "big" profits just going to attract more irrational growth by the usual suspects along with airlines that are at PowerPoint presentation level right now? Again, we'll see.....never mind a terrorist attack, hull loss, $100+ oil or God knows what else....

 

[Ex737Driver]

So I assume that if one doesn't get their medical through CAL then this is a moot point for them?

GO to ALL ABOUT ME and at the top of the page, there is a tab for your compensation. 2009 is there and it should tell you what CAL "paid" you and how much it's worth.

 

[sweptback]

Gotta remember that since big "O" is now taxing your company paid health care, your gross from 2010 is going to be at least another $8-$10 K.

That's completely incorrect. Starting in 2011, the value of company paid medical insurance is listed on your W2, but not for purposes of taxation.

And by the way, taxing company paid health care was McCain's campaign idea, not Obama's.

 

[Ex737Driver]

That's completely incorrect. Starting in 2011, the value of company paid medical insurance is listed on your W2, but not for purposes of taxation.

And by the way, taxing company paid health care was McCain's campaign idea, not Obama's.

And since it's listed on your W2, you actually think it won't be taxed? Think again. Doesn't matter whose idea it was, Obama implemented it.

 

[sweptback]

And since it's listed on your W2, you actually think it won't be taxed? Think again. Doesn't matter whose idea it was, Obama implemented it.

http://www.factcheck.org/2010/05/health-care-law-and-w-2-forms/

 

[Hutchman]

The C02 profit sharing sunset last year, just before things turned around (imagine that).

How much profit sharing did you loose out on last year? Let me help you, ZERO. CAL reported a loss for the year.

 

[AWACoff]

How much proofit sharing did you loose oout oon last year? Let me help yoou, ZEROO. CAL repoorted a looss for the year.

There ya go, you missed a couple of extra "o's".

 

[COpilot]

And since it's listed on your W2, you actually think it won't be taxed? Think again. Doesn't matter whose idea it was, Obama implemented it.

So which is it Ex73, are you correct or is fact check right?

 

[densoo]

How much profit sharing did you loose out on last year? Let me help you, ZERO. CAL reported a loss for the year.

Exactly my point. C02 profit sharing lasted exactly through the loss year so the pilots got ZERO, NADA for the entire run of their C02 profit sharing plan. The very next year, after this clause sunsetted, CAL makes a profit.

If the C02 profit sharing were still in effect for 2010 there would be significantly more coming the pilots' way. Instead they got grafted into the company's plan which will pay peanuts.

Imagine that.

 

[Ex737Driver]

http://www.factcheck.org/2010/05/health-care-law-and-w-2-forms/

You mean this factcheck.org? I acquiesce to the question but am still not convinced this will not happen further into the new "Obama health care plan".


http://www.nationalreview.com/campaign-spot/8734/fact-checking-factcheck-org-obama-and-guns


http://24ahead.com/s/factcheck


http://www.therightsideoflife.com/2...ebirthers-and-donofrio-on-kenyan-citizenship/


http://www.fairtax.org/site/News2?id=8276&news_iv_ctrl=1541&page=NewsArticle



Until W2's are printed with the information that "is simply for determining whether empoyees have health care or not" and taxes are not levied, I will still remain skeptical. If is becomes a reality that no taxes are levied, so be it. All the better. One down, one major health care plan to go. The other shoe in this equation is, where does the federal govenment get the right to levy fines against citizens that choose to not have heath insurance?

 

[AWACoff]

Exactly my point. C02 profit sharing lasted exactly through the loss year so the pilots got ZERO, NADA for the entire run of their C02 profit sharing plan. The very next year, after this clause sunsetted, CAL makes a profit.

If the C02 profit sharing were still in effect for 2010 there would be significantly more coming the pilots' way. Instead they got grafted into the company's plan which will pay peanuts.

Imagine that.

That's funny...I must have received your profit sharing check February 14th 2008. Perhaps you can file a pay claim?

 

[sweptback]

You mean this factcheck.org? I acquiesce to the question but am still not convinced this will not happen further into the new "Obama health care plan".

Of course, when you are losing the battle, don't admit defeat, just question the source. Standard technique.

 

[Hutchman]

Exactly my point. C02 profit sharing lasted exactly through the loss year so the pilots got ZERO, NADA for the entire run of their C02 profit sharing plan. The very next year, after this clause sunsetted, CAL makes a profit....

Imagine that.

Pilot profit sharing was not in effect last year. It ended December 2008. If CAL made a profit last year the pilots would have received ZERO Dollars.

"A. This Agreement will become effective on the date of signing hereof, will continue in
full force and effect through December 31, 2008 except as otherwise specifically
provided herein, and will renew itself without change until each succeeding December
31 thereafter unless written notice of intended change is served in accordance with
Section 6, Title I, of the Railway Labor Act, as amended, by either party hereto at least
sixty (60) days but no more than two hundred seventy (270) days prior to December
31, 2008, and the parties (unless they agree otherwise) will make every reasonable
effort to complete negotiations for amendments, if any, to this Agreement no later than
December 1, 2008. In addition, if neither party provides such notice prior to
December 31, 2008, either party may serve such notice at least sixty (60) days but no
more than two hundred seventy (270) days prior to December 31 of any year
thereafter."

 

[densoo]

Pilot profit sharing was not in effect last year. It ended December 2008. If CAL made a profit last year the pilots would have received ZERO Dollars.

Ok, ok, you win the point. So profit sharing ended two years before CAL made a profit instead of the year before. Either way, it ended before a profit was made. CAL's timing was off by a year, but it was still well-calculated on their part.

 

[jonjuan]

Ok, ok, you win the point. So profit sharing ended two years before CAL made a profit instead of the year before. Either way, it ended before a profit was made. CAL's timing was off by a year, but it was still well-calculated on their part.

It was also a conspiracy between every airline to lose money the past two years and all make money this year to ultimately screw CAL pilots. Take off the tinfoil hat, dude.

 

[AWACoff]

Ok, ok, you win the point. So profit sharing ended two years before CAL made a profit instead of the year before. Either way, it ended before a profit was made. CAL's timing was off by a year, but it was still well-calculated on their part.

Densoo,

Seriously, take you head out of your butt and check you pay register for February 2008. Every pilot (but you apparently) received a profit sharing check. Our profit sharing check for this February will be about half of what the February 2008 check was. Or...you can keep denying reality and posting inaccurate information.

 

[Ex737Driver]

Of course, when you are losing the battle, don't admit defeat, just question the source. Standard technique.

You are right in this case but how can you not question the source? Factcheck is anything but that. Next you'll be saying NPR is unbiased and family oriented.

The original point is, will we be taxed on our health care that the comaony pays for. No. According to current sources other than factcheck.org, it appears only on your W2 for "administrative purposes only". But why your W2? It would be easy enough for any company to prove they have health care for their employees and they are paying for it when open enrollment occurs. If I have to eat my hat on this one I will but there will be a tax in the foreseeale future on your company paid healthcare.

 

[jonjuan]

You are right in this case but how can you not question the source? Factcheck is anything but that. Next you'll be saying NPR is unbiased and family oriented.

The original point is, will we be taxed on our health care that the comaony pays for. No. According to current sources other than factcheck.org, it appears only on your W2 for "administrative purposes only". But why your W2? It would be easy enough for any company to prove they have health care for their employees and they are paying for it when open enrollment occurs. If I have to eat my hat on this one I will but there will be a tax in the foreseeale future on your company paid healthcare.

It will be a taxed benefit. Why shouldn't it be taxed? Your travel benefits are. If taxed, just maybe it will keep people from having 5-7 kids.