Well that 'splains that! I have read the contract, but I don't remember seeing that part at all.

Thanks!

The good news is no one else can take the trip. Make sure your process date is after 20 Apr and you still have a shot at the swap.

Could someone pick it up on a white slip in the 'last 6 days'? Does that rule only apply to swaps or all PCS functions; drops, swaps, white slips? In the posted verbiage above it only says swaps.

Yes. Somebody can WS it.

First quarter results are out. Numbers look good. Bad news however is a planned reduction in flying possible next winter because of currency weakness.

It's just in foreign markets, that will be well offset by domestic increases. DCI made ~$350 million due to the fuel cost savings, (down 44% due to being unhedged)

Did you see Delta's fuel costs! 2.93 a gallon which is up from 2.62 a gallon in the last quarter. Margins would have been 17 to 18% had we paid market rates.

Yeah, like I've said, hedging is a bad idea, DCI is only paying $1.87 gal. AA earnings will be ridiculous, man their pilots got hosed.

2.93.was actually the combined fuel cost with DCI. The mainline paid 3.13 per gallon. The hedging losses dropped the operating margin from 17.8 to 8.8. I wonder if you looked at Deltas fuel costs over the last 15 years and then compared it to paying market rates how many billions we would have saved.
900 million was also paid into retirement plans!

Just looked it up. 1st quarter last year was $444 million in pre-tax profit. This year $594 million. I guess that means a bigger profit sharing check this year? Is that a good assumption?