US posts another record profit!

[700UW]

US Airways Reports Record Third Quarter Pretax Profit

Record pretax profit of $367 million excluding special items

Highlights of US Airways Group, Inc.'s (the Company) third quarter 2013 results:

-- Revenue growth of 9 percent led to a record third quarter pretax profit excluding net special items of $367 million - a $174 million, or 90%, year-over-year improvement.

-- The Company continues to make significant progress in its merger integration planning with American Airlines. Both companies are preparing for a vigorous defense of the merger, with the trial scheduled to begin on Nov. 25.


http://finance.yahoo...-120000799.html

 

[robbedagain]

Good now they can give us all fair contracts given the profits are made on our backs

 

[WorldTraveler]

you mean DL employees without CBAs are getting pay raises but you aren't? I thought they were the ones who were weak and vulnerable in your view.

BTW, good luck. really,

 

[traderjake]

Is it possilbe for you to post without inserting Delta into the conversation?

 

[Kev3188]

Apparently not...

 

[Jester]

Is it possilbe for you to post without inserting Delta into the conversation?

I think it is impossible not to review US announcement without considering Delta's massive quarterly profit report yesterday of $1.37 billion. On one hand it confirms what the DOJ claims that consolidation leads to increased fares, but on the other hand US profit was "only" $367 million. I say "only" because Delta's profit was 3.7x larger than would be US profit, and yet Delta approximately 2.5x larger in terms of passenger enplanements. Another way to look at it was that Delta's profit margin was 8.6% vs. US at 7.6%. Which supports US/AA Management claims that they cannot compete in the long-term against the much larger competition of DL and UA.

 

[crazystnic]

you mean DL employees without CBAs are getting pay raises but you aren't? I thought they were the ones who were weak and vulnerable in your view.

BTW, good luck. really,

He makes a good point, Delta is giving raises to no contract employees of 3% in JAN and giving back vacation. In the mean time this dump can't even honor agreements and give us the 3%

 

[700UW]

Delta is giving back the 5th week of vacation to employees who have 20 consecutive years.

And even with the 3% raise they are still making less then before their chapter 11 filing. Go read the DL board, the 5th week vacation thread so thinks aren't honky dorey there.

 

[robbedagain]

What was the profit pre special

 

[WorldTraveler]

I think it is impossible not to review US announcement without considering Delta's massive quarterly profit report yesterday of $1.37 billion. On one hand it confirms what the DOJ claims that consolidation leads to increased fares, but on the other hand US profit was "only" $367 million. I say "only" because Delta's profit was 3.7x larger than would be US profit, and yet Delta approximately 2.5x larger in terms of passenger enplanements. Another way to look at it was that Delta's profit margin was 8.6% vs. US at 7.6%. Which supports US/AA Management claims that they cannot compete in the long-term against the much larger competition of DL and UA.

you should probably wait until UAL reports its profits... I strongly suspect that US and AA's profit margins could surpass UA's.
should we then hold AA and US to the same level of profits that UA makes since they are the largest?

Delta is giving back the 5th week of vacation to employees who have 20 consecutive years.

And even with the 3% raise they are still making less then before their chapter 11 filing. Go read the DL board, the 5th week vacation thread so thinks aren't honky dorey there.

and yet in all of those posts you failed to grasp that DL employees who don't call in sick often get MORE vacation than their peers at other airlines because DL gets 7 days of personal time off that can be used for sick time or for extra vacation time. And DL's vacation schedule adds vacation time earlier than its peers at other airlines. So many DL employees actually get much more vacation than their peers at other airlines... and oh they don't need a CBA to get it.

Since you are so astute at reading those financial reports, 700, did you find the value of profit sharing that US recorded for its employees in the most recent quarter?

tick tock, tick tock.

there it is.


$42 million.

Did you happen to see the amount of profit sharing DL employees that DL employees gained in the most recent quarter?

tick tock, tick tock.

there it is.

$249 million.

And DL's profit sharing from this point forward (as well as part of what was announced yesterday) is being accumulated at the rate of 20% of earnings.

DL employees will easily blow through $400 million in profit sharing for this year... maybe a half billion.

More vacation, profit sharing.

Crazystnic is right.

Maybe WT is onto something.

And maybe DL employees really do have it good, no really good.

And maybe robbed is right that you folks at US are shoveling money into your bosses pockets onto to be given the opportunity to pick for lint afterward.

 

[700UW]

And at US they get 6 weeks of vacation, 10 holidays, and 10 comp days if you take 1 1/2 on a holiday instead of 2 1/2.

And all IAM members have a DBP, you don't have that at DL and lots of things that can't be changed.

Once again you have to mention DL in a US thread.

Can you actually stick to The topic at hand instead of talking about DL?

And you wonder why people give you crap.

 

[WorldTraveler]

You mean to say that top of seniority employees - in what dept. - have 6 weeks of vacation.

ALL DL FT employees at all levels have additional PPT days that they can use for whatever purpose, including calling in sick.

You are the one that brought up the issue of sick time. We can finish it when you will post the vacation accrual charts for all seniorities.

Once again you prove that you are the best deterrent to further unionization at DL.

Not only do DL employees get better pay, benefits, and that awesomely fat profit sharing check but they don't have to deal with union organizers who either can't or won't understand basic company policies that even those of us on the outside can understand.


People give you crap because you either intentionally manipulate facts or really are incapable of understanding them.

I pray to God it is the former and not the latter.....


Specific to the topic at hand, robbed noted that US employees haven't gotten anywhere close to the level of compensation they deserve given they have bailed the company out.


What have you actually done to give them what they deserve... ?

Since you bring up C11, why don't you tell us the size of employees and amount of US' payroll now vs C11.. you can choose either one of them.

Now do the same with DL what DL employees have regained and you will know not only why DL employees have shunned unions and why robbed and his peers are still looking for their unions to deliver.

 

[traderjake]

I think it is impossible not to review US announcement without considering Delta's massive quarterly profit report yesterday of $1.37 billion. On one hand it confirms what the DOJ claims that consolidation leads to increased fares, but on the other hand US profit was "only" $367 million.

"Further undermining the Justice Department’s “exceptional” profits claim is this multi-year chart which shows US Airways’ pre-tax profit margins from 2008-2012 (based on US Air’s income statements):

US Air’s oh-so-“exceptional” recent performance.

It should be clear to everyone US Airways hardly has an “exceptional” history with profits. Cherry-picking data does not tell the full story. Low single-digit margins — pitiful compared to most other industries — are considered healthy for airlines, but many are routinely in the red. The DOJ’s characterization of US Airways’ “exceptional” performance is the business analogue of making sure everyone gets a token trophy".

"The DOJ’s analysis here is similarly colored by sloppy assumptions based on undergrad textbook understandings of competition policy and industrial organization. When airlines are able to take advantage of economies of scale, scope, and density to develop more robust networks, consumers generally win. This is a large part why the 15 mergers and acquisitions over the past 15 years have occurred while inflation-adjusted average fares fell by approximately 15 percent (15-15-15)."

http://www.openmarke...merger-lawsuit/

posted by USA320Pilot

 

[Phoenix]

If Delta fanboys gotta come here and flatulate, could they self regulate and make the poots a little shorter? 😀

 

[psa8979]

Worldtraveler and your DAL Cheerleaders don't you have a TEA BAGGER web sight to ramble on ? Only the ALPA Pilots at DAL have any wages , work rules, retirement, and benefits written in a CBA . ALL ! other workers at DAL are AT WILL meaning what ever is given by their corporate MASTERS can be taken away including their employment.