Originally Posted by
shiznit
Page 3-16 (PWA Sect. 3.I.)shows that we will see profit sharing based from dollar zero and up. If there is a PTIX profit, we get paid. See page 3-2 (PWA Sect. 3. A. 10.)lines 13 through 22 to see what constitutes PTIX for the pilots....Spoiler alert: it doen't include writedowns for "one-time/special items"!!
Knowing your contract is fun!
Less debt expense paid to banks increases DAL revenue/profit.
Less debt allows DAL to act more freely to increase its business and withstand downturns.
More cash in the bank gives us something to "point at" in negotiations.
This will only strengthen our position to ask for more, A LOT MORE come 2012.
Interesting Shiznit.
As to the last sentence, I fear it could be upended somewhat by AMR and CAL in their contract talks. Its worth keeping an eye on.