Originally Posted by
notEnuf
More for those interested...
*Note...
the increase in margin YOY (year over year)
the early settlement of future fuel hedges 300m (taking the the charge now increases cost and reduces profit in the quarter and has the opposite effect in future quarters)
June quarter projections
the early pension contributions 900m
I'm glad my 2016 profit sharing accrual for payout is outpacing my 2015 profit sharing by 37%. 99m set aside in 2014 Q1 versus 136m set aside in 2015 Q1. I cant wait to see the June quarter results!
http://ir.delta.com/files/doc_financ...001_k0ii9v.pdf
Why do you think they want to wrap up the contract by July? They have to hurry and get it done so the profit sharing will be reduced. Once we see July, nobody will want to trade PS and they will have a tougher time getting a TA to pass.