United Continental Holdings
United Continental to pay $224 million in profit-sharing
CHICAGO, Ill. - United Continental Holdings, Inc. will distribute $224 million in profit-sharing to employees today based on 2010 profits.
"The United and Continental teams did a great job in 2010," said Jeff Smisek, president and CEO of United Continental Holdings. "Profit-sharing shows that when we work together, we win together."
Smisek will hand out profit-sharing checks today at the airline's hubs at George Bush Intercontinental Airport in Houston and Chicago O'Hare International Airport. Other United officers will travel to many other locations throughout the new United's system to distribute profit-sharing checks to co-workers.
In addition to profit-sharing, the new United's employees receive cash payments for reaching on-time performance goals. The on-time incentive program pays co-workers up to $100 monthly when the combined airline hits targets for domestic and international on-time arrivals. The program reinforces the new United's commitment to working together to deliver outstanding performance for its customers.