These are the slides you didn’t see. Here’s some good information on the profit sharing and JV revenue calculations.

My concern is the reduced transparency going forward. They are trying to drive stock price by eliminating the frequent data points that short term investors rely on to trade momentum. This also makes it easier to slow play the effects of a downturn and rolls back the transparency that was critical in building trust after the bankruptcy. Maneuvering in the shadows has always been the hallmark of failures, including in Delta’s own history.

https://www.sec.gov/Archives/edgar/d...lta_ex9903.htm