Earnings released

[700UW]

Looks like US made money and AA lost due to the chapter 11 filing.
 
http://finance.yahoo.com/news/american-airlines-group-reports-fourth-130000237.html

 

[700UW]

Here is a better explanation:
 
http://aviationblog.dallasnews.com/2014/01/american-airlines-us-airways-earn-combined-1-95-billion-for-2013.html/

 

– The $1.95 billion combines their separate earnings for the year, not just since their Dec. 9 merger. They earned $407 million excluding items in 2012.
 
– In the fourth quarter, the US Airways-American earnings totaled $436 million ex-items, compared to a $42 million loss in fourth quarter 2012.
 
– American Airlines booked $2.66 billion in charges related to its Chapter 11 bankruptcy in 2013. Including those charges, the carriers lost $1.34 billion: a $1.98 billion loss for American, and $631 million gain for US Airways.
 
– In 2012, the separate airlines lost $1.81 billion, as American lost $2.45 billion including $2.21 billion in bankruptcy-related charges and US Airways earned $637 million.
 
– Using generally accepted accounting procedures, American Airlines Group – which included the former US Airways numbers since only Dec. 9 – lost $1.83 billion in 2013, compared to a $1.88 billion loss in 2012. The 2013 numbers included $3.1 billion in charges, including the reorganization items.
 

 

[autofixer]

I am having a time figuring out this mess.  I won't spend too much time dwelling on it, as it is out of my control anyway.

 

[PullUp]

Anyone have the profit total for the year (up to Dec 9th) to calculate what the profit sharing payout will be?
Thanks.
Cheers.

 

[robbedagain]

I had read on dallas morning news thru justplanenews.com that it was 195 mill pre special

 

[PullUp]

Thanks. So the profit sharing for the pilot types should be about 8800 gross, 6600 net (after 25% wh, but still need to deduct state, local, and other deductions).
Cheers.

 

[FWAAA]

I had read on dallas morning news thru justplanenews.com that it was 195 mill pre special

You mis-placed the decimal;   the combined profit of both airlines was $1.95 billion, excluding special items.   That would be 1,950 million.   
 
As an aside, do you own the justplanenews website?   Or are they paying you by the click?  
 

Thanks. So the profit sharing for the pilot types should be about 8800 gross, 6600 net (after 25% wh, but still need to deduct state, local, and other deductions).
Cheers.

The earnings release shows that US employees will split $124 million in profit sharing for the full-year, while AA employees will split $85 million.     The total profit sharing for both airlines was a combined $209 million.   

 

[700UW]

PM US' pool is $190 million for profit sharing.

 

[FWAAA]

PM US' pool is $190 million for profit sharing.

Source?  
 
That's not what the financial statements show.   The third quarter US income statement showed $95 million for the first three quarters and the fourth quarter statement shows that same $95 million plus another $29 million for the fourth quarter for a year-end total of $124 million in profit sharing for pmUS:
 
http://finance.yahoo.com/news/us-airways-reports-record-third-120000799.html
 
http://hub.aa.com/en/nr/pressrelease/american-airlines-group-reports-fourth-quarter-and-full-year-2013-financial-results
 
The total pool may be $190 million, but that number doesn't show up in the financial statements.   

 

[robbedagain]

fwaa    i do not own any websites   i just read www.justplanenews.com almost on a daily basis     my apologies for misplacing the decimal... 

 

[PullUp]

124M is the correct answer according to the AAG 4Q/2013 statement.
 
Here's the breakdown
 
1Q=55M profit.....6M P/S
2Q=324M profit...47M P/S
3Q=367M profit...42M P/S
4Q=309M profit...29M P/S
 
13Y=1,055M profit...124M P/S
 
36% is 44.64M/~4200 pilots = 10,628.57 Gross - 2,657.14 WH @25% = 7971.43 less state/local/etc.
 
3/15/14...watch for it.
Cheers.