Originally Posted by
Planetrain
$4.5B figure includes GAAP and onetime expenses. Figure comes off income statement and matches CA 15-02.
Check the 2014 earnings before tax:$1.7B
Delta Air Lines, Inc. (DAL) Income Statement - NASDAQ.com
Add in the one times and you get $4.5B. Check the 2014 DAL annual shareholder report for a more in depth accounting.
It doesn't include profit sharing payout, doesn't include management incentive exclusion. PTIX definition change under TA would "exclude" the management incentive exclusion i.e. PTIX+PS payout only.
I think the date was around 2/13/2015.
I will research further. I still can't find a published PTIX number. The 10-K has the GAAP numbers but it was amended in April. I can't find accurate add backs. What is the true PTIX # for 2014? And where? What is the wage pool share? And where? I was going with PTIX $6B in the chart and pilots at 37.5%.
10-K and 10-K amendment to further review yet.
I have been ordered to get off the computer and enjoy the 4th with the fam, sorry this will have to wait for me, I'm out. The boss wins this one. I'll check back tomorrow.