United, Continental Employees Get Bonuses Today

$265M In Profit Sharing Going To Employees

Posted: 02/14/2012
Last Updated: 464 days ago

Dozens of employees of United and Continental Airlines will be getting bonus checks at Denver International Airport on Tuesday.

United Continental Holdings said it will distribute $265 million in profit sharing to employees.

All eligible employees will receive about 5 percent of their annual pay for profit sharing.

"We are sharing the results of working together by distributing more than a quarter of a billion dollars in profit sharing," said Jeff Smisek, United Continental Holdings' president and CEO in a statement.

The profit-sharing checks are being distributed less than a month after United Continental Holdings announced it lost $138 million in the fourth quarter of 2011. However, for all of 2011, the company earned $840 million, according to the Chicago Sun-Times.

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