TIME FOR CHANGE
Veteran
A PICTURE IS WORTH A THOUSAND WORDS...
Love it
We need to put that on a few thousand t Shirts
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A PICTURE IS WORTH A THOUSAND WORDS...
One-time charges DO reduce net income but I don't know if they count when computing AA mainline profit sharing
They count it alright.
To paraphrase Pres. Reagan: There you go again. Pre-payment of debt isn't an "accounting gimmick."
Is too when it reduces the years profits.
I don't have what it takes to fix airplanes.
Thats right you dont so why do you hang out in an aviation related board wannabe?
. But I do understand elementary financial accounting, unlike you
If you understood elementary financial accounting then you would be able to live on 32 bucks an hour since your so good with money and all but wait---
I could enroll at Westwood to learn how to be an A&P but I gots to feed my family, and ~$32/hr at AA wouldn't cut it.
Must be all that accounting wizardry you claim to possess.Gee I make 32 an hour have two kids,two cars paid for and a house payment as well all on 32 bucks an hour and although I seem to be lacking any accounting knowledge as you say but I have enough cash savings to survive for 18 months before I tap my other investments in case i loose my job. Must be tough on you keeping up with the neighbors and all. Then again if you were man enough you'd take that credit card away from the wife.
As I said above, I realize what it takes to fix airplanes
No you dont!!!
and I know my limitations
Im sure the flying public will be grateful to know that.
You caught me: I'm just jealous of your massively reduced salary.
Lets compare W-2 statements all personell info blocked out except for name and gross wages
They count it alright.
4. In order for there to be any payout under the Plan for any given year, the Plan payout threshold will be $500 million of American's pre-tax income that year, excluding accounting adjustments or extraordinary or unusual items, and payouts will be based only on incremental income above this threshold. [Attachment A]
Is too when it reduces the years profits.
You're wrong again. I looked it up; AA's profit sharing plan $500 million net income threshhold ignores accounting adjustments and special items:
Wouldn't matter if special charges wiped out net income - the profit sharing would still be paid on amounts over $500 million.
Prepayment of debt didn't reduce the 2007 profits. Reduced an asset (cash) and reduced a liability (outstanding debt). Didn't affect profit. It will help increase profits next year, since AA will pay a lot less interest expense (increasing profits).
In AAs entire 75+ years of existance how many times have they exceeded $500,000,000 in profits?
Servicing debt is part of the operating costs isnt it? If profits are revenue less costs then prepayment of debt, while enhancing the balance sheet for the long term, would result in a smaller profit for the snapshot figure of yearly profits. While prepaying debt is a good thing, as usual you can count on AA management to use a good thing in a bad way. In this case its used to mislead employees as to the financial strength of the company, like they did in 2003.
Poo on this!I was wondering how fast someone would smell the poo-on-the-shoe!
Anyone happen to read the APA hotline? It makes perfectly clear how high the pilots think of themselves. Their "union" is pissed, because they didn't get more than $800 and were treated like every other employee. They make it perfectly clear that they "got LESS on an annual compensation basis." Well boo friggen hoo. Seems like the ego is running rampant again and needs to be pulled back to reality.
Tense? Irrittable? Have a cat escape from the ranch?
No reason to take a jab at your supervisors in a public forum
My supervisor, yeah riiiiggggghhhhhhht.
Anyone happen to read the APA hotline? It makes perfectly clear how high the pilots think of themselves. Their "union" is pissed, because they didn't get more than $800 and were treated like every other employee. They make it perfectly clear that they "got LESS on an annual compensation basis." Well boo friggen hoo. Seems like the ego is running rampant again and needs to be pulled back to reality.
The Pilots must have forgotten that we all gave away the farm to save their "sacred caw" pension.
The PGBC would have nearly if not completely covered my pension in BK, but we all gave away the farm to save the pension that is way beyond PGBC coverage.
The Pilots will soon enough be faced with the loss of pension again as they continue to play hard ball with complete disregard for fellow employees. No need to spread the division any further as corporate ploy of division is coming full speed down the tracks on a train without brakes.
You'd think those pilots would be sorta grateful that everyone sacrificed so they could benefit.