Oil prices and profit sharing
11-13-2018 | 09:55 AM
#1
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Oil prices and profit sharing
A month ago oil was above 80 dollars a barrel and analysts were predicting above 100 by year end with some calling for 150 by summer. WTI crude is at 56 a barrel today and still falling. This will have a significant effect on profit sharing and certainly does not hurt as we get ready to exchange openers. It’s a dramatic drop!
11-13-2018 | 10:13 AM
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The math does not work when oil goes down because Delta has hedged the next 3 years at $80/barrel.
Just joking but that's what happened last time.
Or of course, maybe management just SAID that's what happened last time and the millions are hidden somewhere.
Just joking but that's what happened last time.
Or of course, maybe management just SAID that's what happened last time and the millions are hidden somewhere.
11-13-2018 | 10:22 AM
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11-13-2018 | 12:22 PM
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The bad news is the oil prices were killing are low cost competition. WOW and PrimeAir were already gone and others like Norwegian were teetering on the brink. This will probably save Norwegian.
11-13-2018 | 12:37 PM
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All we do is cut them from the global economy and they are nothing.
Russia 2% of global economy and Iran .7%.
11-13-2018 | 12:47 PM
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War is not a joke. It only takes one well placed bullet or bomb to send our fragile economy into a tailspin. I can ASSURE you. We have far more to lose than them. The fact that you can't comprehend that shows how ignorant you are of a global political economy.
11-13-2018 | 02:36 PM
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From: Not an RJ driver anymore
I've left you teetering on the brink of complete annihilation!
In all seriousness, I don't see this affecting our profit sharing too much. It's happening very late in the year, so the impact will be minimal. I've heard rumblings (not from "top men"), but rumblings that we were looking at the 16-17% range. My guess is we'll see the higher end of that. Just my .02
In all seriousness, I don't see this affecting our profit sharing too much. It's happening very late in the year, so the impact will be minimal. I've heard rumblings (not from "top men"), but rumblings that we were looking at the 16-17% range. My guess is we'll see the higher end of that. Just my .02
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