AFA E-Lines: Jan 17, 2017
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and Welcome to our Union Family - Class 1622
Announces Fourth Quarter and Full Year 2016 Financial Results
2016 Fall United MEC Meeting
Bulletin #19 Effective February
Do You Have
What It Takes to be an AFA EAP Representative?
Congratulations and Welcome to our Union Family - Class 1622
We congratulate the Flight Attendants from Class 1622 on completion of their 180 day probationary period with United Airlines. You have now officially joined the world’s largest Union of Flight Attendants!
United Announces Fourth Quarter and Full Year 2016 Financial Results
Today United Airlines (UAL), announced the fiscal results of their fourth quarter (Q4) and full year 2016 results. Revenue for Q4 was reported as $397 million, diluted earnings per share of $1.26, pre-tax earnings of $884 million and pre-tax margin of 9.8 percent. Excluding special items, UAL reported fourth-quarter net income of $562 million, diluted earnings per share of $1.78, pre-tax earnings of $857 million and pre-tax margin of 9.5 percent.
For the full year, UAL reported full-year net income of $2.3 billion, diluted earnings per share of $6.85, pre-tax earnings of $3.8 billion and pre-tax margin of 10.4 percent. Excluding special items, UAL reported full-year net income of $2.9 billion, diluted earnings per share of $8.65, pre-tax earnings of $4.5 billion and pre-tax margin of 12.2 percent.
Profit Sharing Payments
As a result of this financial performance, employees earned $628 million in Profit Sharing for the full year. Profit Sharing payments will be paid out on a separate check on Feb. 27, 2017, through your normal payroll process (i.e., direct deposit or physical check).
Note: Internationally domiciled Flight Attendants in FRA, HKG, LHR or NRT will not receive a separate paycheck but will instead receive the Profit Sharing payment on their regular paycheck closest to the distribution date due to taxation and other regulation issues net of any deferrals to any eligible retirement plan account. Members outside the U.S. who are enrolled in the floor rate program receive appropriate floor exchange rates when Profit Sharing payments are received through the normal payroll process.
Employees will be able to access their individual statements in My Info starting Jan. 27, 2017, once the Profit Sharing payout has been certified by the company’s compensation committee. Supervisors & managers will not have access to your individual Profit Sharing statement. You are encourage to print your own statements.
The special election window for Profit Sharing will be open from Jan. 27, 2017, through Feb. 12, 2017, giving all eligible employees the option to defer a portion of their Profit Sharing payout to their eligible retirement plan account.
In the next few days, additional information on Profit Sharing will be made available via the company’s website.
Day One 2016 Fall United MEC Meeting
The Winter Meeting of the United Master Executive Council (MEC) began in Houston today. Your Local Council President, joined by the 15 other presidents from around our system, addressed the business of our Union and the issues that are important to you.
If you are in Houston, we encourage you to stop by to witness our democratic process by attending the MEC meeting in progress. Summaries for each day of this meeting will be posted on our website.
Bulletin #19 Effective February 1,2017
Bulletin #19 becomes effective February 1, 2017 and is now available to download. Please ensure that you sync all documents and open and review all changed content prior to the February 1, 2017 effective date.
More information about Bulletin #19 is available in United’s January 17, 2017, Inflight Services Weekly.
Scholarship Program Deadlines
UNION PLUS: Since 1992, the Union Plus Scholarship Program has awarded more than $4 million to students of working families who want to begin or continue their post-secondary education. Last year alone, 2,700 Union members and Union family members were awarded $150,000 in scholarships, ranging from $500 to $4,000.
The deadline for the 2017 Union Plus Scholarship application is January 31, 2017, and this scholarship is open to any student who is attending or planning to attend a college or university. Applications are evaluated according to academic ability, social awareness, financial need, and appreciation of labor.
If you are interested in participating in the application process for this program, we encourage you to visit the Union Plus website for more information.
AFA-CWA: The Association of Flight Attendants-CWA Scholarship Fund is intended to provide financial assistance to dependents of United Flight Attendants who will be attending a college or university.
The deadline for applications is April 10, 2017. For more information please visit www.afacwa.org/scholarships
CWA: The CWA Joe Beirne Scholarship awards CWA Members and their spouses, children and grandchildren, including those of retired or deceased Members fifteen partial college scholarships of $3,000 each are being offered for the 2017-2018 school year. The deadline for applications is April 29, 2017. Details on this scholarship can be found on the CWA website at www.cwa-union.org/pages/beirne.
Do You Have What It Takes to be an AFA EAP Representative?
Many Local Councils are looking for AFA EAP Representatives. Basic AFA EAP Training is scheduled to be held in Charlotte NC, from Tuesday, April 4, 2017 through Thursday, April 6, 2017.
AFA EAP Representatives offer emotional support and assistance to Flight Attendants, their partners, and families, whether the issues are of a professional or personal nature. Peer counselors provide assessment support and referral services for a wide range of issues such as domestic abuse, depression, and work-related stress. Representatives also provide conflict resolution, coaching and strategies to those in need. Flight Attendants are encouraged to contact the EAP Committee to resolve conflicts with flying partners rather than requesting action from management.
Flight Attendants interested in becoming an AFA EAP Representative should contact their Local Council to discuss their interest with their Local Council President. For more information about the AFA EAP Program please visit unitedafa.org/afa/eap.