Originally Posted by
Denny Crane
I'm curious as to what you think about profit sharing percentage for this year. I realize there is still another quarter to go but......all things being equal and the company profit does exceed $5 Billion......what is the likelihood we see 15% in profit sharing?
Denny
I think the profit last years for purposes of PS was 6.1 billion. The amount we got was 15.1%. With the decrease of profits in the 20% bucket and the increase in pilot wages I am going to guess 12.3%
Edit: Here is the 2017 data. You can draw some conclusions for 2018. I think however there were a bunch of special items including retro that drove the difference in announced profit of 5.5 billion to the 6.8 billion amount used for the actual calculation. I don’t think we will see that difference this year.
Delta Air Lines announced a pre-tax income of $5.5 billion for 2017, excluding special items, which equates to a total profit sharing income (the PWA-defined PTIX) of $6.8 billion and nearly $1.1 billion dollars in employee profit sharing expenses.