The estimate of free cash flow from the 8k is being intentionally withheld from the Delta pilots by our leadership.
It is right there in the 8k.
$4.5B to $5.5B.
What good is sharing the 70% of free cash flow to the shareholders (in the just released Chairman's letter) without the free cash flow numbers in billions from the 8k?
These numbers are STAGGERING.
Mentioning 70% of free cash flow is meaningless without the actual free cash flow numbers and they know that.
This single fact is the most critical fact EVER in the history of ALPA negotiating a pilot contract.
In my opinion they are leaving it out because selling concessions would be impossible if all 13,000 Delta pilots were made aware of this fact