Originally Posted by
DWC CAP10 USAF
Trying to become smarter on reading the financial documents / 10K, etc.
I see the PS line under Operating Expenses for the 2022 and 2023 quarters and YTD, so I'm good to go there.
So my question is about the eligible payroll denominator...is that "Salaries and related costs" ? Are the related costs part of that included in the denominator or just the salary part, and if so, where is just the salary broken out?
The break out is not stated. That number comes from the yearend management cost number. The 10K doesn't have this number but it is provided by management and vetted by ALPA during the audit. The 10K reporting doesn't require specific costs/revenue breakdown disclosure. They often have vague definitions like "other revenue." The "Salaries and related costs" YTD is $10.838B and extrapolated would be ~14.5B which is high, the payroll is less, ~$10B is my guess. A lot is 401k contributions and other costs (per diem etc.) New employees lower pay will somewhat offset having more employees.
PWA:
"Individual employee’s annual compensation in the year in which the PTIX was earned as a percentage of total annual compensation for that year for all employees eligible for (a) the Delta Air Lines, Inc. Annual Profit Sharing Plan, or (b) the Delta Air Lines, Inc. Annual Profit Sharing Plan for Ground and Flight Attendant Employees. The Association will have the right to review the methodology and calculation of awards prior to such awards."