Originally Posted by
BenderRodriguez
That is the exact problem I have with this. Good analysis sir. If you take profit sharing out of the equation completely, how much pay increase will we see? ---> .26% <--- Now add it back in. How much will we see?
---> .26% <--- and we then get a profit sharing check of 5.74% (or more).
It really boils down to whether or not you believe DAL's profit will fall below $6B during the term of this contract. My gut tells me that it won't. The industry still has too many players that are behind us in their mergers. Now next contract will probably be a different story, and if this were a 6 or 7 year deal I might have a different opinion, but as it is now? uh, no.
Another insult to consider:
With the TA, you have to consider whether, or not, profits will be above $6 billion,
AFTER management/executive bonuses are taken out.
Without the TA, profits are calculated
BEFORE management bonuses are taken out.
And the hits just keep on rolling......
