Originally Posted by
Denny Crane
If I'm reading this right you are being disingenuous with your numbers. Based on Deltas own projected profits, subtract out 5.75% which we would get for profit sharing. We also have a "me too" clause (which will also get gutted) that, IMO, will be triggered again prior to 1/1/17 which I'm guessing will lead to 3%. Somebody good with numbers (not me) could figure it out.
Ok, we have 8,6,3,3 with 1 percent on1/1/17 for DC. Again, based on the company's own predictions for the length of the contract, we need to subtract the 6% (rounded for simplicity). So 8,0,4,3. So based on an average income of $200,000 for year one that's $16,000 more and in year three it's $30,000. No where near your $50,000 even in the last year.
This plus all the other stuff, I don't think so. How can we not even match the yearly value of C2012? In this negotiating environment, I find that absolutely mind boggling!
Denny
$200,000 X .215 = $43,000
I used $244,000 X 21.5% = $52,460
PTIX this year is about $6B with a payout of about 22%. Next year profits are supposed to increase so even if the payout would drop to 15% with the new formula at $6B. With the increased profits going to $10B PS will go back up to 22%+ IMHO