I was looking at last year's ps check and it looks like 12.6% if I am doing the calculation correctly. Looks like your prediction is a bit of a bump.

 

Last year was 15.1%

We use Flight Advance and Flight Pay for the calculation. Unless you’re a new hire then you also use Training Pay.


GP

 

It was 15.1 last year.

 

Hopefully it makes up for any DAL stock you have that took a beating today. Damn.


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DAL stock down 25% in the past couple of days. Sounds like another excuse for anther round of stock buybacks...

 

Perfect purchasing opportunity!

 

You know, it probably is. A lot of the drag on the economy is over this fake trade war, and the fact 5G networks are coming out soon. Nobody is going to buy a $1000 iPhone, when you have to get a new one in less than 12 months.

 

Actually buying back at value prices doesn't bother me as much. Although IMO the amounts spent on it are still extremely excessive and will come back to haunt any company in a cyclical industry doing it to that extent for that long.

 

Not to mention that even if you get a new 5G phone, most of it will be a transpatent tech gimmick that won't enhance the user experience of hardly anyone very often....

...and then you'll still "need" a new phone every year etc.

The first true "smart phone" didn't even come out until later 2007 and hardly anyone had them for years. So we're basically less than a decade into this trend and the market is mostly saturated, at least to the point where the velocity of money in the sector will begin to crater. The notion that overpopulation is a national resource and every company will suddenly have 7 Billion emerging customers to buy everything again and again every product cycle is a pipe dream to say the least.

Great article in Fortune recently about the etherial optimism so many projections are based on and why they're not attainable.

 

Company said non-pilots will be at ~14% this year compared to 10% last year and on higher wages as well.

It will be interesting to see where the pilot group sits with our formula.