Originally Posted by
Professor
For everyone asking about quarterly results and PTIX and profit sharing, this is the deal....
I feel as though there is a fundamental misunderstanding about pay and profit sharing. I'm not here to argue for or against nor am I going to tell you how pay raises are going to be funded.
But the reality is that Q earnings are completely irrelevant. First off, we are still under the old profit sharing scheme for this year. 2016 is when the change would be in effect.
If you reference the bar graph of 6 billion PTIX 2018 salary+profit sharing, with and without a deal (I posted earlier); this is the worst case scenario. We will be making more money with this deal across the board no matter what.
Anything above $6BN we will start making significantly more.
I think making the pay / p/s argument is a poor one. This deal gives all of us more money, regardless.
The questions to ask are:
1. Is in enough money?
2. Is it enough money in light of what you view as concessions in other areas?
I think that is a more honest debate to have.
I respectfully disagree. The misunderstanding is greater.
PS ties us to all of Delta's revenue. The pay rates are for your personal hours flown or credited. We make money in a variety of ways, actually flying airplanes is only one. This is about global investment and getting something for outsourced flying.
For example:
http://finance.yahoo.com/news/delta-...201412909.html