Home > News > E-Lines: January 24, 2020

E-Lines: January 24, 2020

Date: January 24, 2020

First Trimester CBT Completion - Due January 29, 2020 (5 days to complete)  

 

As a reminder, the first Trimester CQ CBT is due no later than January 29, 2020 at 2359 CT. This CBT session is anticipated to take approximately three (3) hours to complete. Once completed, we suggest that you take a screen shot of your completed CBT.


2019 Profit Sharing – 6.9311% for Flight Attendants

 This week the company reported its 4th Quarter and Full Year Financial information and announced employee eligibility for profit sharing payouts for 2019. 

 

Q1

Q2

Q3

Q4

Pre-tax Earnings 2019

$367 million

$1.4 billion

$1.3 billion

$844 million

Net Income 2019

$292 million

$1.1 billion

$1.0 billion

$641 million

Pre-tax Earnings 2018

$184 million

$875 million

$1.1 billion

$556 million

Net Income 2018

$147 million

$684 million

$836 million

$462 million

 

For the full year, United reported net income of $3.0 billion, diluted EPS of $11.58, up 51% versus full year 2018, pre-tax earnings of $3.9 billion and pre-tax margin of 9.0%, expanding pre-tax margin 2.6 points versus full year 2018.
 

Finally, United also reported full-year adjusted net income of $3.1 billion, adjusted diluted EPS of $12.05, up 32% versus full year 2018, adjusted pre-tax earnings of $4.1 billion, adjusted pre-tax margin of 9.4%, expanding adjusted pre-tax margin 1.7 points versus the full year 2018.

 

* Excludes special charges, unrealized gains and losses on investments and imputed interest on certain finance leases. Reconciliations of non-GAAP financial measures to the most directly comparable GAAP measures are included in the tables accompanying our earnings press release.

Our Contractual Profit Sharing Program is set forth in Section 4.N. of our JCBA and provides that all Flight Attendants who have completed one full year of service as of December 31st of the year for which pre-tax earnings are being measured are eligible to participate in a pre-tax profit sharing program.

As a result of United’s 2019 financial performance, employees earned $491 million in Profit Sharing for the full year (compared to $334 million last year). Employees in participating workgroups share a portion of United's profits when the Company earns more than $10 million in adjusted pre-tax earnings for the year. The percentage of profits set aside for Profit Sharing varies by workgroup, and for Flight Attendants, is based on our Contract.

 

 

Work Group

 

2019

 

2018

Flight Qualified Management

International Employees

Maintenance Instructors

Management & Administrative

Reservations Representatives

Simulator Technicians

Storekeepers

Technicians

Dispatchers

Fleet Service Employees

 

 

 

 

 

 

 

 

3.8362%

 

 

 

 

 

 

 

 

2.7785%

Pilots

7.6724%

5.5571%

Flight Attendants

6.9311%

4.6115%

 

For 2019, the Flight Attendant’s Profit-Sharing percentage for eligible earnings is 6.9311% based on $4,598 million adjusted pre-tax profit; which is $1,013 million greater than 2018’s adjusted pre-tax profit of $3,585. As a result, the higher tier profit percentage (20%) is applicable in 2019; pursuant to the terms of our Contract.

 

Our personalized profit sharing statementcan be seen by logging in to Flying Together, Employee Services, Compensation & Incentives, click on Your 2019 Statement under the Profit Sharing header. To view the details of the calculation, click directly on the “6,9311%” in the personalized profit-sharing statement.

 

Keep in mind, you may elect to contribute a portion of your Profit Sharing payment into any combination of your company-sponsored retirement plan accounts and/or cash:

1.    Pre-tax to your 401(k) plan or U.K. Stakeholder Account

2.    Roth 401(k) 

3.    Post tax 401(k)

The sum of the percentage allocations to any combination of the company sponsored retirement plan accounts may be less than or equal to 100% however, it cannot be greater. Any unallocated amount will be paid in cash. We have until 11:59PM CT on February 9, 2020 to make these elections.

Distribution of Profit Sharing checks will begin February 26, 2020 and will be disbursed by direct deposit or physical check. Flight Attendants at international domiciles will receive their profit-sharing payments on their February 28, 2020 on cycle pay check.

For additional information please review the profit sharing FAQ.


 International Purser Recruitment and Hiring

 

For the first time since 2016, United is accepting new applications for potential International Purser (IP) vacancies. It is estimated that more International Pursers will be needed at EWR, IAH, SFO, and GUM.

 

Requirements for a successful IP candidate are outlined in the International Purser job description on Flying Together: (Inflight Services > In this Section > International Purser program).

 

Please note, management will continue to clear the waitlist and will accept qualified International Purser transfers into a specific base before activating any new International Pursers in that base consistent with the terms of LOA 16.


 Flight Attendant Negotiations Survey Is Open

Negotiations Support Committee  

 

Your Voice Matters! The Contract 2021 Flight Attendant Negotiations Survey is now open. Surveys are in the mail to Flight Attendants from all domiciles. For international Flight Attendants, the majority of surveys were dropped in the mail either in the country of your domicile or, in some cases, the country of your residence and should be arriving within the next week.

 

We’ve received a number of calls on the Negotiations Survey Helpline many asking about the unique six-character access code.  As of this evening, thanks to the work of our dedicated volunteers, we’ve cleared the voice mail and have returned calls to everyone who left a message. 


IMPORTANT: Your mailed survey packet includes a detailed instruction sheet including your 6-character access code which you will need to login to the survey system available on contract 2021.org.

Your 6-character access code is printed to the right side of your mailing address on the letter received within your survey packet on the opposite side of the letter with survey access instructions. 

We cannot overstate how valuable your opinions and participation are to us, nor how powerful we will be at the bargaining table, if we stand united in support of our collective

priorities – our solidarity will lead us to our future success.

 

For more information about our upcoming negotiations, please be sure to visit our Contract2021.org website and to sign up for our Negotiations News!


 Listening Tour

MEC Negotiating Committee

Our Negotiating Committee is on the road and has successfully completed the scheduled visits in Washington, D.C., Chicago, Cleveland, Newark and Boston.

Next week, our Negotiating Committee will be in Hong Kong on Wednesday, January 29th followed by stops in Guam and Honolulu.  More information on the AFA Negotiations Listening Tour is available on contract2021.org.

Stay in-the-know- Subscribe to Negotiations News.


 Correcting our Article on:  Revision 31 – Safety Changes Require Our Attention  

 

In Tuesday’s editions of E-lines, an error was made in our reporting of one of the safety changes effective with Revision 31.  Specifically, opening of window shades.  The correct text follows:

Opening of all window shades- Incorporation of a new announcement (part of the Announcement Booklet) encouraging but not requiring all window shades to be open for taxi, take-off and landing.


 Union Plus Scholarship Deadline is January 31, 2020  

There's Still Time!  Apply for the 2020 Union Plus Scholarship

Don't miss out! There's still time to apply for the 2020 Union Plus Scholarship.

 

Since 1991, the Union Plus Scholarship has awarded more than $4.5 million to students of over 3,000 union families who want to begin or continue their post-secondary education.

 

Application deadline is January 31, 2020 — start online today!


 Flight Attendant 2019 W2s Now Available – paperless W2.ual.com  

For those of us who signed up to receive their 2019 W2 form electronically via ADP, these forms are now available via download and for print by accessing paperlessW2.ual.com.

 Do not download the ADP mobile app as it will not work with your United credentials.

Those electing to receive paper 2019 W2 forms will have their forms mailed no later than January 31, 2020 to your home mailing address of record as indicated in your Flying Together > Employee Services > My Info > Personal Details tile. 

For our colleagues based on Guam, or if you expect to receive a 2019 W2-GU form, or an international Flight Attendant with non-resident alien status, please also go to your View W2 tile to ensure you have all your necessary 2019 tax forms. 

 Flying Together > Employee Services > My Info > Personal Details tile.


 Reminders & Quick Links

Jan 20-Mar 6        Listening Tour

January 29           First Trimester CQ CBT Deadline

February 1            eFAOM Revision 31 Effective

February 6            March Special COLA Bid Due

February 11          NRT National Founding Day-Holiday Pay

February 12          March One & Three-Month Special COLA Award

Feb 17-Mar 15      Voluntary Supplemental Insurance Benefits Open Enrollment
January – June     
CAUSE Foundation Trip Drop Contest

March 6                 Flight Attendant Negotiations Survey Closes 1600 CT

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