Originally Posted by
Gunfighter
I'm grasping at financial analysis based on education and experience. Piloting airplanes and developing real estate came long after a corporate career doing financial analysis on a 9 figure P&L.
The proper analysis is net cost to Delta inclusive of operational benefits compared to incremental cost of meals. Retail price of tickets is peripheral to the comparison.
Here is a random article from 2020 showing
Meal Costs from $4-$100. Without accessing Delta contracts, there is not an exact answer.
Look, I'm not trying to start a urination competition. I also don't care to read your resume unless it reads "negotiating committee".
You can try to make the math worth any which way you want. Stating retail price being peripheral is fundamentally incorrect. For every seat taken by PS, that's a ticket that isn't sold. That's the only way the company sees it. Not to mention the cost of giving it to the FAs (likely their main apprehension to PSC). Your source is also vague in that it's from a travel blog who is quoting "business insiders" on price.
At the one airport that I commute out of, I have recently JS'd and watched 4 passengers each walk away with $1000 vouchers when we were oversold. Sure, that's not a 1K cost to the company...I get it. But stating we could've simply "traded" meals for PSC is illogical and serves only to validate your desire for PSC.
I would've loved to have PSC, but your argument simply doesn't hold water. If it were that simple, I suggest you get a job on the negotiating committee to pad that resume.
BREAK
On topic, I think we've hit the bottom of the wave on WBB. Expect it to get much more senior in the next few AEs. A combo of pay banding and many seat locks expiring this spring will be the catalysts.