Originally Posted by
D Mantooth
I'm not advocating either position, but what if fuel rises and Delta is just "mildly" successful? Maybe only makes a few hundred million dollars. Nowhere near at the point where concessions would be needed, but at the point where PS will have dried up.
Could one argue that then we'll have wished we traded profit sharing for pay rates?
If we protect ourselves by not putting a ceiling on the upper end of profit sharing, wouldn't we also be protecting ourselves if we were to monetize the lower end?
While philosophically possible, that's a pretty narrow band (and likely only for a transient time anyway) where giving up PS would make sense.
Once we trade it away, we will never get this level of it back. Ever.