Possibly. There likely will be more money to buy planes. However it could also have the opposite effect in the boardroom. With more money coming in at a lower tax rate, there could be less pressure to spend it on business expenses and instead just take the cash and light it on fire with buybacks and dividend growth.

Either way it will be a positive WRT the bottom line and PS. Just not sure top men will be keen on reinvesting the difference vs just cashing it out.

Profit sharing is pre tax. The bill has no effect on it.
It appears at first glance however that it increases my personal taxes so there's that!

Hence my question. To say ps will be unaffected is to presume static economic behavior and conditions.

Thats not likely to hold true going forward. Ie...i wonder how much cash dal holds offshore?

The economic behavior of our employer will change. The economic performance of our employer will also change.

Either or both will certainly impact the ps formula variables. So the ? Is....wats the pilot-financial expert forcast?

As for lowering personal income taxes....one does have the option to simply earn less to offset the tax burden increase.

As with our employer....individual economic behavior and performance is going to change going forward.

From what I understand, 2018 or 2019 won’t really matter to our bottom line. We are still writing off carry forward losses from the years after 9/11. According to an Airline analyst, we haven’t had to pay taxes on earnings since 2001, so this tax bill will eventually help somewhat, but where we get killed is the fees we collect and then pay to the federal government for aviation infrastructure costs and airport upkeep via landing fees.

The bag fees that we started charging, thanks to Spirit’s model, added a revenue stream that dodged the 48% ticket tax and allowed us to pocket a lot more money while not lowering prices.

Sorry for the tangent, but I don’t think, according at least one analyst, that this will affect us until our carry forward losses have been fully written off. I could be wrong though, which means he is wrong too.

That's what I'm wondering about too. I thought I heard those loss write downs were winding down very soon, but maybe we have a couple years left I don't know.

They must be getting close with all the money we’ve been making.

This is what was related at investor day last week by our leadership. Still writing down losses.

I just read an article saying DL would benefit greatly from changes to how they write off the new jet purchases. Especially since we have an old fleet to replace. Lots of moving parts to the tax bill. OFG

NOLs were due to expire in late 2018 or early 2019.

https://www.sec.gov/Archives/edgar/d.../image_049.jpg

16 percent my guess