Originally Posted by
Planetrain
$4.5B PTIX + $1.1 PS Cost + $231M Exec plan = $5.8 Adj PTIX for PS purposes: Contract Awareness Bulletin 15-02
$5.8 PTIX = $910M PS ($250M+$660M)
$910M 2014 PS/X=16.58 solve for X
x= $5.5B wage pool
BTW, all this is a wag. Wage pool could go down with less green slips, 757 pay traded for a321/B739, e190 rate, younger work force (less longevity pay), retired 747s, higher TLV, etc. That in turn raises PTIX. There's a lot of moving parts that go into PS % payout.
Looking for the Bulletin. In the meantime, if you reverse the calculation by taking $1.1B as 16.58% of payroll you get a PTIX number around $6.5B for a $1.1B payout. There is more to the PTIX add back, $4.5B GAAP + capex + onetime expenses etc.
What was the date on CA 15-02?