United looking at New Embraer and C-Series jets for Mainline, article

[pave driver]

Do you guys get profit sharing? Rumor has it the DL profit sharing for this year will be 20% of the W2, and on top of that a DC contribution for the profit sharing itself will be 15% of the profit sharing check's value. So, if a DL pilot got $30K in profit sharing, there would be an extra $4500 put into the DC retirement plan as well. Does AA and their "industry leading" pay include profit sharing? 2015 should have even larger profits due to low oil.



Bye Bye---General Lee

The FA contract TA, whereas the vote ends on 9 Nov 14 (it should pass), does not include profit sharing and is the reason the company does not want to disclose their offer to include profit sharing to the APA until the FA's vote for their new contract (higher than Delta's current FA contract). By the way, me-too clauses for the FAs should have never existed in the first place! There is no comparison to their jobs and our careers. The psychology behind past airline management behavior is too lengthy to discuss but this cat is officially out of the bag.

The APA will have AAG's offer on 12 Nov 14 and show a side-by-side comparison to the pilots to include profit sharing. The earlier offers included Delta + %5 but the APA said no to scope of 81 and to no profit sharing.

 

[jonjuan]

The FA contract TA, whereas the vote ends on 9 Nov 14 (it should pass), does not include profit sharing and is the reason the company does not want to disclose their offer to include profit sharing to the APA until the FA's vote for their new contract (higher than Delta's current FA contract). By the way, me-too clauses for the FAs should have never existed in the first place! There is no comparison to their jobs and our careers. The psychology behind past airline management behavior is too lengthy to discuss but this cat is officially out of the bag.

The APA will have AAG's offer on 12 Nov 14 and show a side-by-side comparison to the pilots to include profit sharing. The earlier offers included Delta + %5 but the APA said no to scope of 81 and to no profit sharing.

The pay raises then should be significantly better than those at DL as there's talk of profit sharing being in the neighborhood of 25-30% next year with oil way down, (Goldman sacks said $50 next year) debt wiped out and capacity discipline continuing.

 

[SpauldingSmails]

I wouldn't trust a Goldman Sachs long range stab on oil prices any more than a guess from someone on this message board.
www.marketwatch.com/story/goldman-sachs-raises-possibility-of-200-a-barrel-oil

 

[jonjuan]

I wouldn't trust a Goldman Sachs long range stab on oil prices any more than a guess from someone on this message board.
www.marketwatch.com/story/goldman-sachs-raises-possibility-of-200-a-barrel-oil

I said Goldman sacks.

You wear your gold plated diapers with those.

 

[pave driver]

Oh...the above is too funny AA doesn't hedge so good times for now. Not sure what the rates are for Delta and United as I think they're hedged. Hedging is very expensive to do but what do I know? At what rate is the question. As prices drop, they lose - I think. I'll do a little research and check. They both may be paying too much so I wouldn't expect a drop would change their fuel costs or their profit sharing payouts. I was going to try and fit in "crack spread" somewhere in there but it would have been out of place.

 

[pave driver]

Delta - "Galactically stupid on fuel hedging!"

http://fortune.com/2014/06/02/secret-club-kate-kelly/

"Delta earlier in October, the carrier indicated that it will incur another $350 million in special charges in the third quarter due to a negative impact from fuel hedge settlements."

http://www.forbes.com/sites/greatspe...g-performance/

One-time items for Delta Airlines - Bad fuel hedges costs DAL 1/3 of a billion dollars in the 3rd quarter on 2014.

http://hosted2.ap.org/APDEFAULT/f70...Air Lines/id-1d3a87d506e0446a94b4225c91e9ea1b

When fuel costs drop, Delta Airlines and United Airlines lose millions!!! AAG does NOT hedge.

 

[SpauldingSmails]

I guess that's why it's called a hedge, and not a sure thing.

 

[chppr5]

Delta - "Galactically stupid on fuel hedging!"

http://fortune.com/2014/06/02/secret-club-kate-kelly/

"Delta earlier in October, the carrier indicated that it will incur another $350 million in special charges in the third quarter due to a negative impact from fuel hedge settlements."

http://www.forbes.com/sites/greatspe...g-performance/

One-time items for Delta Airlines - Bad fuel hedges costs DAL 1/3 of a billion dollars in the 3rd quarter on 2014.

http://hosted2.ap.org/APDEFAULT/f70...Air Lines/id-1d3a87d506e0446a94b4225c91e9ea1b

When fuel costs drop, Delta Airlines and United Airlines lose millions!!! AAG does NOT hedge.

WOW, you are the all knowing...As for your previous posts of ongoing negotiations and your optimism as to the outcome, you must have an influential position with APA as a sub-USAirways guy. Negotiations, as you know it, may be a little different with a mediator at the table who acts more as an arbitrator. But as for your assertions as to HUGE growth at AAG, hedging strategies and knowlege of what the new contract will look like are definitely entertaining....

 

[pave driver]

WOW, you are the all knowing...As for your previous posts of ongoing negotiations and your optimism as to the outcome, you must have an influential position with APA as a sub-USAirways guy. Negotiations, as you know it, may be a little different with a mediator at the table who acts more as an arbitrator. But as for your assertions as to HUGE growth at AAG, hedging strategies and knowlege of what the new contract will look like are definitely entertaining....

I am glad to be your muse. Do a little research and then get back to us with some beneficial information. Regardless of my path to AA, I have given much information relevant to a prospective pilot who aspires to make it to one of the big 3. You, on the the other hand...not so much. By the way, there are 3 arbitrators who will determine the SLI and not one as you've stated. Get your facts straight and you might gain some credibility.

 

[chppr5]

I am glad to be your muse. Do a little research and then get back to us with some beneficial information. Regardless of my path to AA, I have given much information relevant to a prospective pilot who aspires to make it to one of the big 3. You, on the the other hand...not so much. By the way, there are 3 arbitrators who will determine the SLI and not one as you've stated. Get your facts straight and you might gain some credibility.

I never mentioned the SLI! The mediator I refered to may be the one who sits at the negotiating table. That mediator will act more as an arbitrator in negotiations with the largest airline in the world with no chance of release for the APA.... So you may want to keep those expectations at bay. The UAL contract was valued more than the DAL contract in the eyes of the mediator.......we all know how that worked out... But you have it all figured out...good luck Nostradamus..

 

[pave driver]

I never mentioned the SLI! The mediator I refered to may be the one who sits at the negotiating table. That mediator will act more as an arbitrator in negotiations with the largest airline in the world with no chance of release for the APA.... So you may want to keep those expectations at bay. The UAL contract was valued more than the DAL contract in the eyes of the mediator.......we all know how that worked out... But you have it all figured out...good luck Nostradamus..

I am not French nor do I make prophetic predictions. Furthermore, I have never predicted major world events, nor was I born in 1503 or there abouts.

What I do provide is concrete information for aspiring professional pilots who seek to gain employment at one of the 3 legacy airlines. You provide what? Derogitory comments and call people scabs - nice. Okay, I see the benefit of your posts as distracting comments from a frustrated United pilot who adds nothing to the conversation.

 

[chppr5]

I am not French nor do I make prophetic predictions. Furthermore, I have never predicted major world events, nor was I born in 1503 or there abouts.

What I do provide is concrete information for aspiring professional pilots who seek to gain employment at one of the 3 legacy airlines. You provide what? Derogitory comments and call people scabs - nice. Okay, I see the benefit of your posts as distracting comments from a frustrated United pilot who adds nothing to the conversation.

I'm not frustrated at all, I call a spade a spade. An ex USAPA member questioning the credibility of someone is definitely comical though...BTW, your concrete information is speculative...

 

[pave driver]

I'm not frustrated at all, I call a spade a spade. An ex USAPA member questioning the credibility of someone is definitely comical though...BTW, your concrete information is speculative...

Still you provide nothing of value or substance to an aspiring pilot researching what legacy to marry. American should be the 1st choice for any pilot looking to call home for the rest of their life.

 

[chppr5]

Still you provide nothing of value or substance to an aspiring pilot researching what legacy to marry. American should be the 1st choice for any pilot looking to call home for the rest of their life.

I'm not here to blow smoke up aspiring pilots tail pipes, speculative info does them no good. As for AAG being the #1 choice, the jury is still out. You have a LONG way to go to full integration and the SLI will make the UAL/CAL SLI look like a cake walk..

 

[pave driver]

I'm not here to blow smoke up aspiring pilots tail pipes, speculative info does them no good. As for AAG being the #1 choice, the jury is still out. You have a LONG way to go to full integration and the SLI will make the UAL/CAL SLI look like a cake walk..

Long way to go? Wrong. The SLI will be complete December of 2015 and the SOC complete by April 2015. Cake - what kind? I want some. Mmmmm