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11-Jan-2017 2:41 PM

United Airlines changes profit sharing plans for 2016

United Airlines stated (10-Jan-2017) its profit sharing plans have changed for 2016, due to recently ratified labor agreements. The carrier now expects to pay:

  • Approximately 8.7% of total adjusted earnings up to a 6.9% adjusted pre-tax margin;
  • Approximately 13.8% for any adjusted earnings above a 6.9% adjusted pre-tax margin;
  • Approximately 1.6% for any adjusted earnings above the prior year’s pre-tax earnings.

The carrier estimates that share-based compensation expense for the purposes of the profit sharing calculation will be
approximately USD70 million for FY2016. [more - original PR]

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