Alan, Slow,
Thank you.
They are correct. The smell test wasn't met and I am confident now you will be able to explain why.
PTIX ins't 4.5.
PTIX its a calculation closer to 6.45 after adding back taxes and one time items. Then you get to the 1.1B payout.
Pilots share 37% Thank you.
Dollar for dollar monetization would be your gross profit sharing check.
Or
37% of 1.1B = 407M
Real answer C is 412m - 407m, we are within 5m of 2004 rates Now!!! We don't need a TA now to get there.
If you want any of my profit sharing do better than this!
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