That would be substantially higher than last year. This summer I was thinking 12.5%. Now hoping maybe 14.5%.

 

A little over a month ago a senior leader said we would see roughly same percentage as last year. Not sure if they saw oil dropping and factored that in, but I doubt it. I am cautiously optimistic we will be around 16% or slightly better. Only time will tell

 

With all that extra money they’re saving from low oil prices I’m sure they’re planning on buying a piece of yet another airline.

 

According to news outlets, Delts already has a bid in for Alitalia...

Denny

 

i'm thinking 15%, would love it to be around 17-18% though.

 

With just over 3 weeks left of the year, any changes to the guesses earlier for the profit sharing percentage?

 

My guess
16%

 

Profits are still projected lower than last year. I think we got 15.1% last year.

 

Analysts...what a word. If I listened to analysis over the years I’d have missed out on the biggest bull market Wall st has ever seen. These so called oil analysts? They’re idiots. They never get it right. A few years ago I was out skiing in Steamboat. My wife and another couple were in a big resort hot tub apres ski when a group of dudes showed up who were all in the fracking industry. In a nut shell.... they said they were going to be the shock absorber to the oil industry for a very long time. The frackers are flexible...they can ramp up quickly and shut down quickly... when oil spikes they ramp up... flood the market and bring the price down. Then shutter their wells and wait for the cycle all over again.... it’s the best advice I’ve ever gotten for the price of oil. That advice has been spot on over the past 4 years. These analysts are flunkies who could never make it anywhere else. So they dish on an industry they don’t understand or are able to make a living at... except to gin up fantasy stories of doom and gloom about a subject they’ve rarely ever gotten right. About the only profession that regularly does worse with zero negative feedback are the meteorologists. Don’t get me started on them!

 

they've been putting more into the profit sharing coffers though. As of Q3 results they had nearly 200M more in 2018 than 2017