Originally Posted by notEnuf

Your math works with several assumptions that may or may not happen. Giving up 3.B.4. being independent of PS was huge. PS diversifies our income, making a "salary cut automatic" during a downturn. It also doesn't require any action to "snap back" as the company profits we earn on the profit. My opinion is that WB international flying will stay roughly the same and not significantly exceed the 650,000 GBHs we now set as a floor. (ceiling really)

The business will continue to grow through JV+equity "virtual mergers." Managements entire job is to grow the business as profitably as possible. PS keeps us aligned with that goal. I also think with the addition of the MEC livery option of 1.E.9. the method of growth will be a single brand strategy eventually. If we franchise out China we will have the soon to be largest market in the world. That is the prize at the end of all this. I prefer to keep as much of the corporate profits as possible and negotiate rates along with the rest of the industry.