Originally Posted by
LeineLodge
The next consideration is how a yes or no will play out when the profit rocket changes trajectory. Will we make billions in profit forever? Maybe, maybe not. The PS conversion puts $ in my account as if we made $6B every year whether we do or not.
Again, I agree. But this is a 3 year deal. Barring a black swan landing, DAL will likely remain profitable for the duration of this agreement. And again, the only way this is a better deal is if DAL makes less than $6B each year going forward. Have you looked at AAL,UAL and SWA? I think we have a significant leg up on all of them, and it is a chance I am willing to take at this point. Especially since the true pay raise is insignificant when this conversion is taken out.
Now, all that being said it is not all about the money, but imho about how this has been presented. The pay increases themselves are fine as far as I am concerned, just stop spinning this as a good deal. It's dx/dy for all you math guys out there.