Interesting little quip. Here is JP Morgans thoughts on DELTAS TA. Wall St is upset so it must be great
From JP Morgan: Profit sharing for pilots stays the same: "Pilot terms appear heavily skewed towards aviators – We generally believe sell-side analysts should tread cautiously when assessing the merits of tentative agreements, given that widespread dissemination of research could, in theory, influence the ratification process. But we see little risk in opining when contract terms are uniquely skewed in labor’s favour (as is our interpretation of the Southwest agreement-in-principle) and therefore highly likely to be approved by the rank and file. Such is the case with Delta, in our view. Details are still emerging, but it appears management has proposed an 18% snap-up upon ratification, followed by a near-immediate 3% raise next January, and further 3-4% annual steps thereafter. Additionally, management appears to have capitulated on its earlier goal to align pilot profit sharing with that of other employees, where levels are predicated not simply on absolute earnings but also earnings growth (a formula we view as much more aligned with shareholder interests)."