Originally Posted by Dharma

What you wrote above is not correct. Our profits sharing formulas are different.

United's 10%/20% split is at 6.9% operating margin. Ours is at $2.5 Billion of pre-tax income. If our companies were smaller and more profitable, your formula would be better. But they aren't. As revenue size increases, given the same operating margin, the Delta formula gradually gets better and better. At our current size and and for a similar level of profitability the Delta formula is about 30% better. Because we are a more profitable company, it is slightly better than that.