UPS reported a Net Profit of $1.26 billion, with a "B"!!!! That's profit, after everything else is paid for, money in the bank! Yea, they should furloughing, times seem tough for them!
http://yahoo.brand.edgar-online.com...4901-52547&type=sect&dcn=0000950123-10-007701
For the guy who asked if you would rather furlough 300 guys or take a 40% pay cut. Do you think a 40% paycut across the entire pilot group is equal to the salary of 300 junior FOs? Maybe I missed the point of your statement.
2008 UPS had over $26 billion in compensation / salaries (I can't find the pilot breakout directly, but lemme take a stab and say they take 20% of that number [albeit a very conservative swag], $520 million). 40% of that is $208 million! As much as I like to think I am worth that much, I am not, nor are 300 junior FOs!
http://yahoo.brand.edgar-online.com...4901-52547&type=sect&dcn=0000950123-10-007701
For the guy who asked if you would rather furlough 300 guys or take a 40% pay cut. Do you think a 40% paycut across the entire pilot group is equal to the salary of 300 junior FOs? Maybe I missed the point of your statement.
2008 UPS had over $26 billion in compensation / salaries (I can't find the pilot breakout directly, but lemme take a stab and say they take 20% of that number [albeit a very conservative swag], $520 million). 40% of that is $208 million! As much as I like to think I am worth that much, I am not, nor are 300 junior FOs!