DL guy.....from DALPA Contract Admin:

"Profit Sharing Payout Calculations

The Profit Sharing Plan is based upon the Company’s “Pre-tax income” (PTIX) for the calendar year. For the Profit Sharing Plan, PWA Section 2 A. 216. further defines PTIX as:

For any calendar year, the Company’s consolidated pre-tax income calculated in accordance with Generally Accepted Accounting Principles in the United States and as reported in the Company’s public securities filings but excluding:

a. all asset write downs related to long-term assets,
b. gains or losses with respect to employee equity securities,
c. gains or losses with respect to extraordinary, one-time or non-recurringevents, and d. expense accrued with respect to the profit sharing plan.

The Profit Sharing Plan uses pre-tax income as a trigger for determining payouts. It restricts the write-offs that might otherwise reduce the PTIX metric resulting in a “clean,” not easily manipulated, dollar value from which to determine profit sharing payouts. Also, because the cost of the Profit Sharing Plan itself and other incentive plans are added back when calculating PTIX, the formula provides a higher level of PTIX than most profit sharing formulas at other carriers.

To ensure transparency within the Company accounting process regarding profit sharing, the PWA puts in place a “trust but verify” process. A review of Delta’s business plan, performance, earnings and expenditures is made available to ALPA at regular intervals.

ALPA reviews the methodology and calculation of employee awards with the Company prior to such awards.

Total Employee Payout Calculation

Profit sharing begins at the first dollar of PTIX. The total amount of profit sharing paid out to all pilots is based upon the total PTIX for the year. The total pilot profit sharing is paid at 10 percent of the first $2.5 billion of PTIX for the year and 20 percent of any PTIX for the year over $2.5 billion.

Individual Pilot Payout Calculation and Award

To determine your individual profit sharing payout, you need to know your annual compensation in the year in which the PTIX was earned, the total annual compensation for that year for all eligible employees, and the total profit sharing amount. You then divide your eligible annual compensation by the eligible annual compensation of all profit sharing participants and then multiply that amount by the total profit sharing amount available. The resultis your individual profit sharing amount. Every pilot will receive a pro rata amount of the total profit sharing based on his or her annual compensation in theyear PTIX was earned.

Here’s an example:
Assume Delta earned a PTIX of $1.5 billion. Delta would provide eligible employees a total profit sharing of $150 million ($1.5 B x 10% = $150 million). Also, assume that the total annual compensation for all eligible employees was $3.75 billion and that the pilot’s individual annual compensation was $100,000. To determine the percentage of profit sharing for this pilot, divide the pilot’s individual annual compensation by the total annual compensation ($100,000 / $3.75B = .00002666667). To determine the pilot’s personal profit sharing payout. Multiply this number by the total profit sharing amount (.00002666667 x $150 million = $4,000)."

No where in there does it say Delta figures out what the pilot 16% DC is going to cost and bakes that into our cut of the PS pool.