Originally Posted by
KnotSoFast
Check my math here, those numbers still don't add up quite right...
Our slice of the total company PS pie was ~38% last year.
The total pie was approx $1.1B (big pie) so our share would have been ~$418M
So based on the revised PITX definition alone, if our profit sharing slice would decrease by $17M, isn't that just over -4% ? ( $17/$418)
What am I missing? Where does the road show number of only 0.74% come from?
(I like math checking, but the blame here could be entirely MY math)
The 0.74% is percent of pay, not percent of profit sharing. Remember also we don't get profit sharing on profit sharing. Profit Sharing is based on Flight Pay + Flight advance. 1% of that number is about $23 million. 0.74% is about $17 million.