Originally Posted by
Sunvox
Didn't look hard enough.
Found it on the 8k. $252 mil in profit sharing so far for 2018 as compared to $304 mil at the end of Q3 last year. Down $52 mil.
page 9 here:
https://www.sec.gov/Archives/edgar/d...018erex991.htm
Delta on the other hand is up $81 mil from $314 to $395 mil. What the heck??? I totally don't understand how we grow revenue and keep costs inline and increase profit, but our PS goes down while Delta grows rev less, has more cost increase, and sees PS go up.
The other variable that plays into this is the percentage that each employee group gets.
My recollection is that UA was really pressuring other work groups to adjust their percentage down in recent negotiations. Not sure if they were successful with that and if those changes have gone into effect, but if so, it would explain the profit sharing set aside not moving in lock step with the earnings.