fac6
Fortunately the profit share formula has also changed as asian aviation has stopped being as lucrative. If the profit share formula that was used when we joined was applied to this profit, our profit share would have been ZERO. So I guess we should be grateful that as profit margins have diminished from 27% in the late 80s to less than 10% today, the profit share formula has been updated with the corresponding fall in relative profitability.
By the way, to get those same 3 months using the early 90's profit share formula, our profit would have been around $20billion this year.
Some people think about profit the wrong way. If a bank said it would give you $1,000 in interest for depositing your money for a year, would you accept it? Depends doesn't it....are you giving them $10,000 or $100,000. The interest RATE is what is important not the amount. Same as the profit on companies. It is the rate of profit on Capital employed. The airline is nearly 10 times the size in turnover and aircraft versus 2 decades ago....you would kinda hope profit didn't stagnate at 1980's levels!