Originally Posted by shiznit

Jerry and I pretty much agree...

...but I'll show my math:

10% x 0-2.5B = 250M
1.1B-250M = 850M
850/20% = 4.25b so PTIX was approx. 6.75b (even Sailing is ok with that!)

PTIX 10b:
(.1 x 2.5B) + (.2 x 7.5B) = 1.75B
250M + 1.5B = 1.75B

1.1 = 16.58%
1.75 = 26.37% (based on 2014 wages)

Wage growth of 3% for non contract employees (4% but only 9 mos.)
and no new pilot deal but we increased 3.55% for all 12 months of 2015.

IMO= 25.59% PS Payout

If we have a new PWA, the variables/assumptions will change.