Dal profit up 60%

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10-12-2023 | 07:08 AM

#21

BigHitterLlama

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Quote:

Originally Posted by Gone Flying

I believe it would be ~9%

there is a graphic floating around on FB that outlines the math. Basically in 2022 we had 8.5B in PS eligible wages company wide. For 2023 they expect that number to be about 30% higher, or roughly 11B

1B PS pool /11B in wages comes out to 9 ish %

How are people projecting PS off the pool?
10% of PTIX for first $2.5B of PTIX
20% of PTIX for anything over $2.5B PTIX
Right?
then times the pool?

10-12-2023 | 07:13 AM

#22

notEnuf

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From: ir.delta.com

Quote:

Originally Posted by BigHitterLlama

How are people projecting PS off the pool?
10% of PTIX for first $2.5B of PTIX
20% of PTIX for anything over $2.5B PTIX
Right?

This is correct. Which gives us the pool number. The real variable is total eligible payroll. That is the denominator in the division. PS pool / payroll = %PS. %PS x eligible earnings = $PS.

10-12-2023 | 07:24 AM

#23

FangsF15

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Quote:

Originally Posted by notEnuf

This is correct. Which gives us the pool number. The real variable is total eligible payroll. That is the denominator in the division. PS pool / payroll = %PS. %PS x eligible earnings = $PS.

You are usually very on top of these things, what would be your "square" in the office pool for full year PS%? Best Guess?

10-12-2023 | 07:38 AM

#24

notEnuf

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From: ir.delta.com

Quote:

Originally Posted by FangsF15

You are usually very on top of these things, what would be your "square" in the office pool for full year PS%? Best Guess?

~13% is my guess

https://news.delta.com/sites/default...results-vf.pdf

Last edited by notEnuf; 10-12-2023 at 08:14 AM.

10-12-2023 | 07:55 AM

#25

BigHitterLlama

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Quote:

Originally Posted by notEnuf

This is correct. Which gives us the pool number. The real variable is total eligible payroll. That is the denominator in the division. PS pool / payroll = %PS. %PS x eligible earnings = $PS.

thanks, it’s all coming back now.

10-12-2023 | 08:00 AM

#26

DWC CAP10 USAF

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From: Looking left

Quote:

Originally Posted by notEnuf

the pool should be ~ $1.3B

My guess is more than that considering it's already at $1.084B for the year through 3 quarters. IIRC we made $300M profit in Q4 2022 and this Q4 is forecast to be even better...I could see $1.5B

10-12-2023 | 08:01 AM

#27

Hubcapped

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Quote:

Originally Posted by hockeypilot44

Those things will never happen. Our elected leadership is too strong to let it.

I remember when i was a weak souled sheep subject to big media fear porn. Turn off the magic light box, youll live longer

10-12-2023 | 08:03 AM

#28

OOfff

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Quote:

Originally Posted by notEnuf

~13% is my guess

brb calling my boat dealer

10-12-2023 | 08:19 AM

#29

Jaww

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From: 717A

Quote:

Originally Posted by OOfff

brb calling my boat dealer

Be a Griswold, buy the boat before you get the check. That’s how real pilots do it.

10-12-2023 | 08:31 AM

#30

DWC CAP10 USAF

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From: Looking left

Quote:

Originally Posted by notEnuf

This is correct. Which gives us the pool number. The real variable is total eligible payroll. That is the denominator in the division. PS pool / payroll = %PS. %PS x eligible earnings = $PS.

Trying to become smarter on reading the financial documents / 10K, etc.

I see the PS line under Operating Expenses for the 2022 and 2023 quarters and YTD, so I'm good to go there.

So my question is about the eligible payroll denominator...is that "Salaries and related costs" ? Are the related costs part of that included in the denominator or just the salary part, and if so, where is just the salary broken out?