Delta investor day presentation today. some of the highlights include :

2% system growth (higher for mainline lower for DCI)
Lower oil prices mean $3 billion in future savings
2014 profit in $4.5 billion range

Couple of questions based on this info? What will the PS percentage be this year? I was told 16% was based on $4.0 billion so what is the extra $500 million worth?

More importantly when they come to use to monetize PS should we? How much and what to you think we should get in return? I think they are going to want a straight 10% PS number across the board. The only way I am willing to consider it is for us to finalize our pay rates for C2015 then start to negotiate that. Thoughts?