Originally Posted by
The Chow
So if DL lost 6.5b last quarter and DL owns OH, that would probably mean we shouldn't expect to see any profit sharing.
Chow,
You should have received your latest profit sharing check this past week. I just deposited mine yesterday!
Delta lost 6.5 billion, but keep in mind that approx. 6 billion of that was simply a depreciation write-off. Put simply, 6 billion didn't disappear from Delta's bank account.
Also, Comair posted a profit of approx. 20 million (sorry, that number may be off--been a while since I looked at the profit sharing memo). Remember, we are compensated for completion as well as for meeting our arrival and departure targets and we continue to run a profitable company as a result of that. Hope this makes sense, as I'm already a few beers into celebrating my lone weekend off this month!