Background...

Delta Pilots Ratify Five-Year Contract, Boosting Carrier's Costs by $2.4 Billion - WSJ

All 5 years of C2K cost Delta 2.4B or 480m/yr

We just paid 500m to shareholders in 1 quarter.

We did this while...

Writing down hedges
Prepaying pension obligations
Paying down debt
Setting aside for profit sharing



And...



Wait for it...



Wait for it...



Having the best first quarter ever in the industry!
Like ever. I mean in history. EVER. E-V-E-R

But I'm just sayin...

4/8/3/3, we will get them next time for sure, time value of money, at risk compensation... (except its not at risk because its already accounted for and disclosed. Read... in the bank waiting)