Any "Latest & Greatest" about Delta?
12-18-2014, 06:52 AM
Gets Weekends Off
Joined APC: Dec 2007
Posts: 5,412
Thanks for the clarification!
Sent from my LG-D850 using Tapatalk
Sent from my LG-D850 using Tapatalk
12-18-2014, 07:21 AM
Gets Weekends Off
Joined APC: May 2012
Posts: 359
Originally Posted by sailingfun
For a rough estimate each 500 million in profit sharing will net about 8% in your check. Delta is projecting somewhere between 900 million and 1 billion in profit sharing this year so your estimate for next FEB of 10% should be very close.
The follow on years seem very high. We would need almost 2 billion in profit sharing money to reach 30%. That would require a pretax profit of around 11 billion. The last forecast I saw was for a 6.5 billion profit in 2015.
The follow on years seem very high. We would need almost 2 billion in profit sharing money to reach 30%. That would require a pretax profit of around 11 billion. The last forecast I saw was for a 6.5 billion profit in 2015.
Right now we are at about $3.4 billion pre tax for the year. Quarterly profits of $.4, $1.4, and $1.6 billion respectively with 830 or so million in the PS pool Since it is all about under promising and over performing for Wall Street. I will gues a $1.2 billion profit for this quarter for $4.6 overall. With that in mind based of previous profit sharing amounts i am guessing $1.15 in the PS pool for a total pay out of between 17 and 18% for the year so 12 to 13% in February.
So 12 year narrow body FO will see over 20k for the year and a NB caption over 30k. With increasing profits projected these numbers will only rise. The real money is in that 20% over 2.5 billion.
Once again my estimate only.
12-18-2014, 07:42 AM
Works Every Weekend
Joined APC: Dec 2007
Position: 737 ATL
Posts: 3,506
Originally Posted by Dorfman
So 12 year narrow body FO will see over 20k for the year and a NB caption over 30k. With increasing profits projected these numbers will only rise. The real money is in that 20% over 2.5 billion.
Once again my estimate only.
Once again my estimate only.
Ed is trying to sleep.
12-18-2014, 07:46 AM
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,273
Originally Posted by Dorfman
I have been doing some back of the napkin math so take this for what it's worth. Delta is now saying over $1 billion in profit sharing with the $4.5 billion pre tax profit.
Right now we are at about $3.4 billion pre tax for the year. Quarterly profits of $.4, $1.4, and $1.6 billion respectively with 830 or so million in the PS pool Since it is all about under promising and over performing for Wall Street. I will gues a $1.2 billion profit for this quarter for $4.6 overall. With that in mind based of previous profit sharing amounts i am guessing $1.15 in the PS pool for a total pay out of between 17 and 18% for the year so 12 to 13% in February.
So 12 year narrow body FO will see over 20k for the year and a NB caption over 30k. With increasing profits projected these numbers will only rise. The real money is in that 20% over 2.5 billion.
Once again my estimate only.
Right now we are at about $3.4 billion pre tax for the year. Quarterly profits of $.4, $1.4, and $1.6 billion respectively with 830 or so million in the PS pool Since it is all about under promising and over performing for Wall Street. I will gues a $1.2 billion profit for this quarter for $4.6 overall. With that in mind based of previous profit sharing amounts i am guessing $1.15 in the PS pool for a total pay out of between 17 and 18% for the year so 12 to 13% in February.
So 12 year narrow body FO will see over 20k for the year and a NB caption over 30k. With increasing profits projected these numbers will only rise. The real money is in that 20% over 2.5 billion.
Once again my estimate only.
12-18-2014, 08:26 AM
Gets Weekends Off
Joined APC: Jul 2010
Position: window seat
Posts: 12,522
Originally Posted by TenYearsGone
Take 10% of your last DEC check total (Oct PS was an addition to that).
With the forecasts, I hear 2015 will be a little less than 30%PS and 2016 will be a little less than 50%. Can this be? I know these numbers are subject to any future negotiations and market conditions. If these numbers are true, we better not get rid of PS.
TEN
With the forecasts, I hear 2015 will be a little less than 30%PS and 2016 will be a little less than 50%. Can this be? I know these numbers are subject to any future negotiations and market conditions. If these numbers are true, we better not get rid of PS.
TEN
12-18-2014, 08:32 AM
Gets Weekends Off
Joined APC: Jul 2010
Position: window seat
Posts: 12,522
Speaking of PS monetization though, does our current PS factor into they whole AA parity thing? I know the APA is aware of it and is pushing to get it, but officially is htat money on or off the books WRT their parity snapshot thingy whatever it is?
12-18-2014, 08:37 AM
Gets Weekends Off
Joined APC: Feb 2009
Position: right for a long, long time
Posts: 2,642
Originally Posted by gloopy
Speaking of PS monetization though, does our current PS factor into they whole AA parity thing? I know the APA is aware of it and is pushing to get it, but officially is htat money on or off the books WRT their parity snapshot thingy whatever it is?
12-18-2014, 08:38 AM
Back on TDY
Joined APC: Apr 2008
Position: 747-400 Captain
Posts: 12,487
Got this email today from the DPA. It looks like the MEC administration is up to its old tricks of "receiving" resolutions:
First, I really applaud the ATL based line pilots for pushing this resolution. Second, didn't the administration promise to stop "receiving" resolutions from the members? I thought they were going to simply vote on them and stop the editing process as well.
For those of us not in ATL, I'd really like any info you could give me on this movement for transparency. This is going to get visibility because of all folks here who've consistently claimed we can change DALPA from within. I guess we'll see.
Carl
Now, we see the ATL LEC line pilots have passed another "change-from-within" resolution attempting to require the MEC to provide every line pilot with a discrete random voter number for the next contract vote. The line pilot would then be able to find their voter number on the list of voting results and validate that their vote was cast properly. At the MEC meeting last week, the resolution was received, but DPA is hearing that the language may have been heavily modified, possibly removing the intent of adding transparency to the process. We will see what comes of this simple and positive attempt at making ALPA better.
For those of us not in ATL, I'd really like any info you could give me on this movement for transparency. This is going to get visibility because of all folks here who've consistently claimed we can change DALPA from within. I guess we'll see.
Carl
12-18-2014, 08:41 AM
Otto
Joined APC: Jul 2013
Position: Turkish Pile Driver
Posts: 1,806
Ok, I'm very new at reading the contract and have a question on category freezes. I found this statement on pages 2-5 and 22-1 in regard to category freezes:
during which the pilot will (unless declared eligible by the Company) be ineligible to be awarded another AE with an earliest conversion date falling within the freeze period (other than to a new or reestablished category) for which qualification training is required.
This statement leads me to believe that even with a category freeze, when a new category opens such as SEA 737 I may bid and be awarded that category. If that is a true statement, how long is the category considered a "new or reestablished category"? For example, I am so junior I doubt I'll be able to get this in the January AE, but lets say that a couple months later there are vacancies and it is offered again, would I still be eligible to bid this, or would it no longer be considered a "new or reestablished category" which would require I wait until the expiration of my seat lock?
I know it's highly unlikely this will fall as junior as me but I'm going to take the advice I've heard several times of "bid what you want, and want what you bid", just curious if there will be a 2nd chance when my hopes are dashed the 1st time
.
during which the pilot will (unless declared eligible by the Company) be ineligible to be awarded another AE with an earliest conversion date falling within the freeze period (other than to a new or reestablished category) for which qualification training is required.
This statement leads me to believe that even with a category freeze, when a new category opens such as SEA 737 I may bid and be awarded that category. If that is a true statement, how long is the category considered a "new or reestablished category"? For example, I am so junior I doubt I'll be able to get this in the January AE, but lets say that a couple months later there are vacancies and it is offered again, would I still be eligible to bid this, or would it no longer be considered a "new or reestablished category" which would require I wait until the expiration of my seat lock?
I know it's highly unlikely this will fall as junior as me but I'm going to take the advice I've heard several times of "bid what you want, and want what you bid", just curious if there will be a 2nd chance when my hopes are dashed the 1st time
.
12-18-2014, 08:41 AM
Back on TDY
Joined APC: Apr 2008
Position: 747-400 Captain
Posts: 12,487
On another topic from DPA:
Carl
In the meantime, we have learned that a very experienced Pilot Negotiator, Heiko Kallenbach, has just resigned from the ALPA Negotiating Committee. Heiko is known as an asset to the Delta Pilots and it should bother everyone that the Negotiating Committee is struggling to stay together this close to potential early openers. Who will ALPA send to the two week negotiating school this late in the game to go head-to-head with the company's finest? Shouldn't we have Professional Negotiators employed full time right now?
Thread
Thread Starter
Forum
Replies
Last Post
