Originally Posted by Timbo

It was mentioned about a month ago, that Richard made the comment that in 2016, Delta 'might' make as much as $10Billion.

Want to guess what our profit sharing payout would be on that amount?

If $4B profits net us roughly 15%, then 2.5X that amount is 37%.

If 4B gets us 15%, 10B would be much higher than 37% as the real money is made at the profits above 2.5B.

So how much of a 'raise' would you trade for that? Another 4,8,3,3? Spare me.

We would have made an additional $1.3 Billion in 2014 but for our fuel hedge losses.

I'm guessing by 2016 they -might- have the hedge thing sorted out...or not.

The point I'm trying to make is, WHY would you trade profit sharing at all?

RESTORE our PAY RATES and keep the profit sharing. When they came to us to save them from bankruptcy, they didn't ask for a pay cut OR our retirement plan, they took BOTH!

It's PAYBACK time! (It's actually LONG PAST payback time!)

We are STILL below 2004 pay rates! And our retirement funding SUCKS!

WAKE UP!

Originally Posted by sailingfun

Of course in 2016 the profit might also be zero. Historically that's probably a far more likely number then 10 billion. I would also be willing to bet oil is in the 80 to 100 dollar range then. We are going to get killed by our hedges next year. american is projected to pay 30 cents a gallon less then us in 15. Combined with the billion dollars invested in the refinery between purchase, upgrades and quarterly losses fuel has not been a bright spot despite managements attempts to justify the purchase.