Originally Posted by
Scoop
How do we do that with the above not being counted as a raise?
I am solidly with Jerry on this one. When we were exiting BK, DALPA lauded the profit sharing - so why ditch it with record profits coming in?
Use common sense and remember our management is always one step ahead of us - if the company wants us to monetize our PS what does that tell you?
Initially I was very skeptical of PS but I trusted DALPA and they were correct - it was/is a good deal.
The industry has indeed changed - we are making record profits with a lackluster economy - when has this ever happened before?
I know that there is a risk with PS but I for one am willing to accept this risk over the risk of monetizing PS and that counting as our raise.
If we do pull in around 12% PS this year I think keeping PS will be high on everyone's survey. Too bad we will not have the final numbers until after the survey is closed.
Scoop
You don't necessarily need final numbers. You just need to look trends. Today there are several articles out that show DAL is guiding slightly down in the coming months/quarter. Slightly. I'll still take the chance on the PS. All downward guidance does imho is lower investors' expectations. So if the stock price takes a little hit, I'll buy more on sale. If we overproduce.. stock price goes up. win/win But my main point is that it perceptual at this point, and I still believe that DAL is gonna make good money going forward for any time frame that will involve our contract. YMMV