AA and US "Divi Up" the Profit Sharing Checks...
American Airlines has distributed a Q&A on profit-sharing that its employees will receive in March, the first profit-sharing for the airline in 13 years.
We’re happy to let you know that eligible employees of both airlines will receive a profit sharing payout for 2013. Eligible employees of legacy American will share a total of $85 million and legacy US Airways employees will share a total of $124 million. Have questions? We know you do. So, we’ve put together a number of questions and answers to ensure you are prepared for the upcoming payout, including eligibility guidelines and other expectations.
Keep in mind, these questions and answers only display information valid for U.S.-based legacy American employees and are not applicable for internationally-based employees,where local legislation needs to be considered. Internationally-based employees should contact their designated HR Office to find out profit sharing information relevant to them.
When will the profit sharing be paid and how will we receive the payout?
Eligible employees will receive their individual profit sharing payouts via the same method as their regular payroll payments and will be dated March 13, 2014.
Who is eligible to receive the payout?
All American Airlines U.S.-based represented employees, agents, representatives and planners, support staff and managers levels 5 and below are eligible for 2013 profit sharing. Additionally, you must be in a participating workgroup during 2013 and on payroll as of March 13, 2014.
Are new hire employees eligible for profit sharing?
There is not a probationary period for profit sharing payout, only that an employee has American Airlines eligible earnings paid in 2013. :cool: (Yey New Hires)
Do you need to be currently employed at American on the date of disbursement?
Yes. However, there are a few exceptions to be eligible for a payout such as, retirement, death, disability and involuntary layoff. In those situations, you do not have to be on payroll on the date of the profit sharing payout. In those cases, you are eligible to receive a payout based on eligible earnings for the time in which you were on American active payroll during 2013.
