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]